The Financial Conduct Authority (FCA) has published its Risk
Outlook and Business Plan 2014-2015.
The Risk Outlook sets out the FCA's
approach to assessing conduct risks within financial services. It
identifies three primary drivers of conduct risk: inherent factors
(such as supply-side failure); structures and business context
(features of the sector's design, processes, embedded culture that
result in certain market outcomes); and environmental conditions
(outside of the sector and customers that cause them to adapt their
The Business Plan sets out how the FCA plans on dealing with the
key risks identified within its Risk Outlook,whilst also providing
details on how it plans to meet its operational objectives of
securing protection for consumers, enhancing the integrity of the
UK financial system, promoting effective competition in the
interests of consumers.