FCA prioritises Brexit in 'challenging year'

In its business plan for 2018/19, published today, the Financial Conduct Authority (FCA)  said it had carved out an additional £16m from its budget to fund its Brexit work alongside its normal responsibilities, bringing the total spend to £30m and leaving regulated firms with a £6m bill. The regulator said: "The UK's decision to leave the EU has, and will continue to have, a substantial impact on the way we work. "A significant proportion of our resources are already focused on the forthcoming exit, including arrangements to implement the change. Richard Buxton: Brexit - one year t...