FCA risk outlook and business plan 2014

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The Financial Conduct Authority (FCA) has published its risk outlook and business plan 2014-2015.

The risk outlook sets out the FCA's approach to assessing conduct risks within financial services. It identifies three primary drivers of conduct risk: inherent factors (such as supply-side failure); structures and business context (features of the sector's design, processes, embedded culture that result in certain market outcomes); and environmental conditions (outside of the sector and customers that cause them to adapt their approaches).

The business plan sets out how the FCA plans on dealing with the key risks identified within its risk outlook, whilst also providing details on how it plans to meet its operational objectives of securing protection for consumers, enhancing the integrity of the UK financial system, promoting effective competition in the interests of consumers.