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Will the Consumer Duty lead to simplification of FCA rules?

ICAEW publishes Q&A with @Nikesh Pandit discussing some of the key themes that have emerged from the FCA’s Call for Input on simplifying retail regulation following the introduction of the Consumer Duty. The piece considers some of the broader advantages and disadvantages of higher-level outcomes-focused regulation versus more prescriptive rules within the current economic and technological environment.

The Q&A is available at: https://www.icaew.com/insights/viewpoints-on-the-news/2024/oct-2024/will-the-consumer-duty-lead-to-simplification-of-fca-rules

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    Nikesh Pandit

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