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FCA and Practitioner Panel report on 2021 firm survey

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Published on: 03 December 2021

Published by LNB News

LNB News 03/12/2021

Document Information

Issue Date: 03 December 2021

Published Date: 03 December 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) and its Practitioner Panel have published a report following the 2021 joint survey of FCA-regulated firms. The report says the survey recorded a positive view, particularly amongst larger firms, of the FCA’s performance during the pandemic, although some firms said the regulator had a reactive, rather than proactive, approach to risk. In particular, some firms are concerned that there may be significant or emerging risks in the market of which the FCA is not aware, which the regulator says ‘is a key area of focus’ for its transformation work.

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