Enhancing market integrity

We aim to support a healthy and successful financial system, where firms can thrive and consumers can place their trust in transparent and open markets.

One of our main objectives is to protect and enhance the integrity of the UK financial system, and to make sure that markets are effective, efficient and reliable. 

When markets work well, it benefits firms, individuals and society as a whole.

Effective and reliable markets

To be effective and reliable, markets must be supported by resilient infrastructure, with appropriate access and transparency to meet the needs of the consumers, corporates and other wholesale clients that use them.

We aim to make sure that:

  • senior management are accountable for their capital markets activities, including principal and agency responsibilities
  • there is a positive culture of identifying and managing conflicts of interest
  • there is orderly resolution and return of client assets
  • firms’ business models, activities, controls and behaviour maintain market trust and don’t create or allow market abuse, systemic risk or financial crime
  • market efficiency, cleanliness and resilience is delivered through transparency, surveillance and the supervision of infrastructures, as well as their main users
  • firms put clients’ best interests at the heart of their businesses

We step in early when we suspect potential harm in wholesale markets. This reduces the risk of that harm being passed on to consumers.

Promoting competition

As part of our objective to address market integrity, we must promote effective competition in the interests of consumers.

To do this, we normally aim to choose the most pro-competitive measure open to us, as long as it’s compatible with our wider duties. We consider how to apply this on a case-by-case basis. 

Page updates

19/07/2022: Editorial amendment Minor editorial updates and 'Read next' added.