FCA Risk Outlook and Business Plan 2014
01 April 2014
22 September 2017
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 approaches).
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.
This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.