The head of the FCA has promised the regulator will exercise “forbearance” towards firms as they implement post-Brexit plans.

In a speech made yesterday (16 September) outlining the FCA’s post-Brexit strategy, Andrew Bailey said the major priority “is to do the right thing according to our public interest objectives”.

He promised to work with firms to make sure their contingency plans are executed and to engage with the FCA’s EU counterparts to deal with issues as they arise. The regulator is also working with the Treasury and the Bank of England and plan to maintain a communications programme for firms and ...