UK: FCA publishes mission and business plan

The Financial Conduct Authority today published, for 2017/18, its mission and business plan: see, respectively, here (pdf) and here (pdf). Amongst the cross-sector priorities identified is the culture and governance of firms. Within this area, work will continue developing an accountability regime for all regulated firms. The FCA wants this new regime (to quote directly from the business plan) "...to be simple practicable for firms to understand and implement, and for the FCA to oversee and regulate. We plan to tailor the new regime to reflect the different risks, impact and complexity of firms".