Taking a closer look at the FCA's competition agenda in 2017, Phil Deeks argues the regulator's remit now means any financial services market is potentially open to investigation and intervention
The duty of the Financial Conduct Authority (FCA) to promote effective competition in the interests of consumers dates back to its inception in 2013. The consideration of competition is also implicit in the regulator's remaining operational objectives and its overarching strategic objective. It should therefore come as no surprise that competition is a common theme throughout the FCA's 2017/18 Business Plan, which was published in April. Most explicitly, its competition agenda is highlighted within its cross-sector priorities, where it is suggested that promoting innovation will stimulat...
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