FCA speech – regulating the UK as a global financial centre

Nausicaa Delfas, Executive Director of International, Interim Chief Operating Officer and Executive Director of International at the FCA gave a speech Regulating the UK as a global financial centre.

Key points from the speech included:

• The FCA is committed to maintaining open and fair UK markets and will continue to regulate in the interests of consumers, competition and market integrity;
• Whilst UK markets are open, firms serving UK customers and businesses will need to meet consistently high standards, and there will need to be strong supervisory co-operation between different jurisdictions;
• The FCA will continue to work with international colleagues to shape global standards, to work towards regulatory convergence and co-operation on cross border issues.

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