Our Business Plan sets out the activities that we intend to carry out in 2015/16 to protect consumers, enhance market integrity and promote competition.
Over the coming year the financial industry, and we as a regulator, will be undergoing some significant changes. The industry is continually evolving, and so must we to ensure that we are using our resources in the most effective and efficient way.
This year’s Business Plan incorporates our Risk Outlook – which identifies the risks we see in the markets and the key forward-looking areas of focus for us – and looks at the wider context of how we are developing our strategic approach to meet the growing demands of our increased scope and legislative developments.
What is in our Business Plan?
An assessment of risk forms the cornerstone of our planning process. From this we create a Business Plan that focuses our resources on priorities, while retaining some flexibility to respond to emerging issues.
In December we announced a new strategy for the FCA. This is an evolution of our regulatory approach, in light of new developments in financial services and the continued expansion of our remit.
We decide our activities for the year ahead based on the risks we see to our objectives. Our Business Plan sets out what these are and how we will integrate new responsibilities, improve our systems, develop our people and ensure that our priorities are focused on achieving our objectives.
In addition to our key priorities for 2015/16, we will continue to perform our core functions, embed our new strategy, and carry out ongoing activities.
We set out our budget, how we will measure our performance and how we will deliver value for money.