FCA replaces portfolio letters with 'succinct' priorities report

The report, it said, pulled together all of its work in both supervision and policy development. The FCA described the report as a "clear, succinct one-stop shop". The foreword, by interim executive director Simon Walls and director of consumer investments Lucy Castledine, said: "This is the latest example of how we're transforming the way we supervise. "This year we'll go further, expanding dedicated supervisory contacts, applying a more risk-based approach for our largest firms, and making data collection more targeted and efficient. "Our goal is simple: less intensive attention ...