FCA chief executive Andrew Bailey has revealed his vision for the future of regulation in the first ‘Inside FCA’ podcast.
Mr Bailey made use of the new approach for the regulator to discuss key areas of its recently-released Business Plan and his thoughts on the future of financial regulation.
He called for a “thorough debate” on the type of regulation the UK wants in a post-Brexit world, including the future relationship between the UK and the EU.
Mr Bailey said: “I am not advocating lighter regulation.
“I’m not advocating heavier regulation either.”
He added that there were choices to be made on the different ways to regulate.
While he described Brexit as a “pressing priority”, he insisted that the FCA was “balancing its big priorities in an ongoing way”, and highlighted proposed new guidance to protect vulnerable people.
“We’re a public interest regulator, so we have public interest at the heart of what we do,” he said.
