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FCA Prepares for Brexit
In a recent speech, the FCA has laid out its preparations for Brexit, which include its expectations of firms and the implications for consumers.
On 21 March, Nausicaa Delfas, Executive Director of International at the FCA, delivered a speech entitled ‘Brexit and beyond’ at City and Financial, 4th UK Services Brexit Summit.
It covered:
- the regulator’s preparations for exit, expectations of firms, and implications for consumers
- residual risks
- looking beyond 29 March 2019 and at future relationships on the global stage
That there is still huge uncertainty surrounding Brexit scarcely needs repeating, as the UK’s exit from the European Union continues to dominate headlines.
Nonetheless, the FCA has stated that it has “conducted extensive preparations to ensure that the UK financial services system is ready for leaving the EU.” However, a certain amount of disruption is to be expected.
As ever, we urge you to continue to keep a close eye on the FCA’s Brexit guidance.