Cooperation between regulators and drive to open markets

Highlights of a speech by Ashley Alder, Chair FCA, delivered at the UK Mission to the European Union:

• Global cooperation amongst regulators is vital for cross-border risks.

• The FCA’s three primary statutory objectives are fully aligned with an open markets philosophy.

• The FCA is committed to finding consistent international responses to challenges that increasingly give rise to cross-border risks, including ESG, Fintech and NBFI.

• The 2023 UK-EU MOU on regulatory cooperation on financial services will enable us to deepen relationships with our EU counterparts as we pursue similar reforms.