Insight Into The Gibraltar Financial Services Commission's Strategic Plan 2023-2026

The Gibraltar Financial Services Commission (GFSC) has recently outlined its strategic plan for 2023 to 2026, accessible here, GFSC Strategic Plan, in which the GFSC has reiterated its commitment to the fair and proportionate regulation of Gibraltar's financial services industry.

The Strategic Plan acknowledges both successes and challenges faced by the GFSC over the last few years, particularly in response to the COVID-19 pandemic. The GFSC has however remained adaptable to changing market conditions and evolving risks, including by improving on its processes to reflect the ever-evolving needs of its firms (as well as of prospective applicants). In this regard, the GFSC acknowledges the need for enhanced capacity, technology, and resources to effectively respond to challenges, including competing priorities, operational risks and external dependencies.