The FCA has published its annual report and accounts, ahead of its public meeting on the 18th July at the Queen Elizabeth II conference centre in London.

The report looks back on key pieces of work by the organisation over the last year, with highlights including a market study on the asset management industry.

Other topics in the report include the authorities work on PPI, rules to implement the Market Abuse Regulation and an emphasis on encouraging technological innovation.

Additionally, the regulatory body have also stated they have begun work in preparation for Brexit (see separate Andrew Bailey speech report).

Chairman of the Financial Conduct Authority, John Griffith-Jones, said: “The FCA is now four years old: it has come a long way in that time.

“Measuring our regulatory effectiveness is not straightforward. While we set out our inputs and our outputs, the all-important outcome of harm prevented or improvements achieved through deterrence cannot be readily quantified on an annual basis. With longer-term hindsight, patterns and trends will be more obvious.

“In the meanwhile, surveys among stakeholders, including firms and consumers, provide current soft evidence and it is encouraging to see that confidence in the FCA as a regulator continues to improve.”

To view the report click here