The Financial Conduct Authority (FCA) has warned that a no-deal Brexit would create significant challenges and risks for the UK’s financial services sector.
In a letter to the Treasury Select Committee, FCA chief executive Andrew Bailey highlighted that the challenges would relate to firms’ readiness, potential market disruption and insufficient public-policy solutions put in place on the side of the EU.
“From the perspective of our objectives we strongly support an implementation period and
- RSA boss Egan "not defensive" about broker criticism
- Andy Briggs to leave Aviva
- Qudos replacement policies reignite unrated debate
- Hiscox report shows cyber attacks are on the up
- Slow take-up of standardised Toba template was expected, says Biba
- Experts predict further changes at Aviva following Briggs' exit
- FCA re-examines duty of care as report warns customers at risk of harm