Financial Conduct Authority (FCA) Executive Andrew Bailey discusses key areas of the recently released Business Plan and his thoughts on the future of financial regulation.
Andrew Bailey calls for a ‘thorough debate’ on the type of regulation the UK wants in a post-Brexit world, including the future relationship between the UK and the EU.
‘I am not advocating lighter regulation. I’m not advocating heavier regulation either’, he says, explaining that there are choices to be made on the different ways to regulate.
While he describes Brexit as a ‘pressing priority’, he explains that the FCA is balancing its big priorities in an ongoing way, and highlights proposed new guidance to protect the most vulnerable consumers in society.
‘We’re a public interest regulator, so we have public interest at the heart of what we do’, he says.
Andrew Bailey was interviewed by Head of Business & Consumer Communications at FCA, Emma Stranack.
Listen to Andrew Bailey on the Business Plan and future of regulation, here.