UK Finance Watchdog to Ease Up on Firms Doing ‘the Right Thing’

The UK’s top financial watchdog has promised a “less intensive approach” to firms whose intentions are pure, signaling a more pragmatic stance in a new five-year strategy that leans heavily into the government’s growth agenda.

The Financial Conduct Authority, responsible for supervising some 42,000 firms, is trying to cut back on excessive form-filling and other hurdles that the industry says makes the UK a less attractive market.