FCA to improve pace and transparency around enforcement cases

Summary:

The Financial Conduct Authority (FCA) has announced plans to increase the transparency and speed of its enforcement actions. The FCA will focus on a streamlined portfolio of cases aligned with its strategic priorities, and close cases where no outcome is achievable quickly. The organization will also begin a consultation on being more transparent when opening and closing investigations, including publishing updates on investigations and being open about cases with no enforcement outcome. This new approach aims to enhance public confidence, amplify the deterrent impact of enforcement, and reduce harm to consumers.