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Mr Randell suggests that to level up the UK, regulation should listen to the diverse needs across the nation.

If the FCA is to be judged on regulating speculative crypto, there needs to be open discussion of certain questions prior to the FCA assuming responsibility, for example, what would success look like if the FCA took on regulation, or whether people without significant savings or financial experience should be encouraged or permitted to buy speculative crypto at all.

The FCA needs to partner with a range of other actors, including: the government, parliament, and other regulators to help promote the understanding of financial decisions.

The FCA needs to hold itself and financial businesses to account in delivering better outcomes.

On, Charles Randell, the then Chair of the FCA, gave a speech at the Centre for Commercial Law Studies.

However, the Commission does recognise the need for changes in supervision.

Fs insights full#

The Commission does not intend to propose legislative changes as more time is required to assess the full impact of the review. The single rulebook and the operation of the ESAs.Governance, joint bodies, stakeholders' involvement and supervisory independence.On, the European Commission published its report on the operation of the European Supervisory Authorities (ESAs), as required under Article 81 of the ESA Regulation (EU) No 1093/2010. The key initiatives for Q3 2022 include, among others, the FCA Consumer Duty policy statement with final rules and guidance, a consultation on proposals to support improving diversity in financial services, and a policy statement on improvements to the appointed representatives regime. On, the Financial Services Regulatory Initiatives Forum published the fifth edition of the Regulatory Initiatives Grid, which provides a clear outline of the upcoming regulatory work.