FCA speech: Preparing for Brexit in Financial Services – The State of Play

Speech by Andrew Bailey, Chief Executive of the FCA, delivered at Bloomberg

Preparing for Brexit in Financial Services – The State of Play

Highlights:
• There is no doubt that financial sector preparations for no deal Brexit have advanced over the course of this year. However we are not complacent.
• There are number of issues that in one form or another require further action, either in the UK or the EU.
• We will take a pragmatic approach to issues as they arise. We will use forbearance generously but appropriately, to maintain market integrity and protect consumers and market uses.

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