Phil Deeks: What next for the FCA's competition division?

Remedial actions can be wide-ranging

clock • 3 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

Understanding UK money habits: FCA's 2024 Financial Lives report key takeaways

'Survey highlights significant challenges in financial resilience and pension savings'

Caitlin Southall
clock 12 June 2025 • 5 min read
Finfluencer trials delayed until 2027 due to court backlog

Finfluencer trials delayed until 2027 due to court backlog

Nikhil Rathi gave the update to aTreasury Committee hearing

Sorin Dojan
clock 10 June 2025 • 2 min read
Sustainability and market abuse concerns raised as FCA rings bell on PISCES launch

Sustainability and market abuse concerns raised as FCA rings bell on PISCES launch

PISCES regulatory regime now live

Linus Uhlig
clock 10 June 2025 • 3 min read