Text of this speech of 10 June 2025 follows in which Simon Walls discusses aspects of FCA’s strategy, including its work relating to capital markets.

The HoL Financial Services Regulation Committee has published FCA’s written supplementary evidence on this topic.

Further to a joint call for information from FCA and PSR published in July 2024, the FS sets out feedback and next steps.  The regulators highlight competition issues and state that they will work closely with CMA to understand how any interventions to address competition between digital wallets (FCA/PRA’s response to CMA’s Invitation to Comment on its Strategic Market Status Investigation has been published alongside the FS.  FCA will seek to engage with HMT to consider operational resilience and perimeter issues as part of the review of the Payment Services Regulations and Electronic Money Regulations.  A table at paragraph 4.3 sets out all the potential issues and next steps in tabular format.

The Committee has now published a transcript of the hearing attended by David Geale (MD, PSR) on 12 February 2025.

The Committee has published a transcript of the hearing held on 5 February 2025 attended by Emma Reynolds (Economic Secretary to HMT) and Catherine McCloskey (Deputy Director for Financial Services Strategy, HMT).

FCA has published its detailed response to the statutory panels’ annual reports.  Topics include: Consumer Duty; Advice Guidance Boundary Review; pensions; competitiveness and growth; ESG; AI and Big Tech regulation; GI; critical third parties; proposed approach to enforcement; the Listings Regime; access to cash.

HMT has published a note on the meeting held on 11 January 2025.  Matters under discussion include: financial regulatory cooperation; capital markets; asset management; insurance/pensions; sustainable finance.

A transcript of the hearing held on 8 January 2025, attended by Sam Woods and David Bailey of PRA, has been published.

The MoU sets out the working arrangements between the authorities in relation to the Digital Markets Competition Regime, as set out by Part 1 of the Digital Markets, Competition and Consumers Act 2024.

The MoU sets out the working arrangements between the authorities in relation to the Digital Markets Competition Regime, as set out by Part 1 of the Digital Markets, Competition and Consumers Act 2024.