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UK financial regulator burdened with unrealistic expectations on economic growth

Copyright © 2025 LexisNexis
Published on: 10 February 2025
Published by an MLex correspondent

Article summary

MLex: The UK's financial services regulator is under relentless pressure to cut red tape and think of ways to lighten the regulatory burden to help grow the economy. But it's hampered by government unwillingness to steer what it does, or, crucially, how much risk it can take. The Financial Conduct Authority (FCA) is taking incremental steps that could grow the industry and even feed into the wider economy, but radical change is unlikely.

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Jurisdiction(s):
United Kingdom

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