FCA to deliver 'fewer and faster' enforcement outcomes this year

Speaking at the City & Financial Global FCA Investigations and Enforcement Summit earlier this week (20 October), FCA joint executive director of enforcement and market oversight Therese Chambers said the regulator is "conducting fewer investigations, faster". "When I was here in 2023, we had 220 open enforcement operations," she said. "As of 1 October, we have 124. But fewer investigations do not mean fewer outcomes. In fact, we are delivering more. We typically averaged between 20 and 25 enforcement outcomes per year. In 2024, the number of enforcement outcomes was 41." She said the...