FCA in the cold on European Brexit talks

Andrew Bailey

The chief executive of the Financial Conduct Authority (FCA), Andrew Bailey, has revealed that the regulator is not party to all discussions with European regulators about the UK leaving the EU. In an interview with the Financial Times Bailey admitted that the FCA was not invited to some talks involving the European Securities and Markets Authority (ESMA) which oversees EU regulation. Bailey commented: “There are times when they want to discuss Brexit without us being present, and there are is