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Grant Thornton on the FCA’s new business plan

David Morrey, partner, Financial Services Group, Grant Thornton UK LLP explains his thoughts on the FCA's new Business Plan for 2022/23

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In this year’s Business Plan, the Financial Conduct Authority (FCA) attempts to move away from a sector focus and instead takes a more thematic approach covering three focus areas; reducing and preventing serious harm, setting and testing higher standards and promoting competition and positive change. It is also a move away from previous standalone documents, with this year’s Plan appearing as a webpage with hyperlinks to 30 other documents that arguably makes navigating its content more challenging.

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