This course provides an overview of how the Financial Conduct Authority (FCA) regulates consumer credit. It also explains the journey from the old regulator (FSA) to the new one (FCA), and how this transformation has affected what supervision looks like today. It will consider what “Principles Based Regulation” is and how this will be applied to firms in the market place.
By the end of the course delegates will:
- Understand the FCA’s strategic and operational objectives
- Grasp firm classification and risk-based supervision
- Recognise the journey from interim permission to full authorisation
- Learn the main regulatory standards, requirements and expectations of firms