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ARTICLE · 30 JUNE 2025

FCA Sets Priorities For Financial Services Regulation

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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We highlight below the main aspects of the Strategy and Work Programme, and some important considerations for firms.

United KingdomFinance and Banking
Marina Reason
Marina Reason
Grant Murtagh
Grant Murtagh
Kelesi Blundell
Kelesi Blundell
Clive Cunningham
Clive Cunningham
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The FCA has set out its priorities for regulating the UK financial services sector in two recent publications:

We highlight below the main aspects of the Strategy and Work Programme, and some important considerations for firms.

Strategy

The Strategy confirms the FCA's four high-level priorities for the next five years:

  • Being a smarter regulator (smarter regulator priority)
  • Supporting growth (growth priority)
  • Helping consumers navigate their financial lives (consumer priority)
  • Fighting financial crime (financial crime priority)

The FCA believes that a smaller number of priorities will enable it to have more impact. Shortly before publication of the Strategy, Nikhil Rathi, FCA Chief Executive, acknowledged at an insurance industry roundtable event that the FCA recognised concerns about the pace of regulatory change and would aim for fewer

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