Article summary
The Financial Conduct Authority (FCA) has published a speech by its executive director for consumers and competition, Sheldon Mills, on the regulator’s growth and competitiveness objective and the ways in which the FCA seeks to promote and support UK economic growth. Mills stressed that the new objective would not mean the FCA bends its supervisory and enforcement work, or distorts its rules, to ensure competitiveness at all costs, but will ‘carefully assess the secondary competitiveness objective in the light of our primary objectives when carrying out our work’.
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