Transcription of Business Plan 2021/22
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Business Plan 2021/22
Business Plan 2021/22 Contents1. Chief Executive s message 32. Our role 63. Our consumer priorities 234. Our wholesale markets priorities 325. Our priorities across all markets 396. Our budget 46 Business Plan 2021/223 Financial Conduct Authority | Business Plan 2021/22 Chief Executive s messageNine months ago, I became the Chief Executive of an organisation acting with remarkable speed to protect consumers and businesses. We were helping million adults suffering from income shocks from the pandemic through mortgage deferrals. On my second day, we applied to the Supreme Court so UK firms including many small businesses would receive insurance payments for pandemic-related Business interruption as soon as possible. We are an organisation with immense responsibility. Our actions have a profound effect on people s daily lives and the UK economy. We oversee markets that remained resilient in the face of unprecedented economic stress and record levels of volatility.
at least one insurance product in February 2020 200 overseas firms are operating in the UK banking sector UK financial services employ over 1.1 million people and contribute £75.6 billion in tax to the UK economy The outstanding value of all residential mortgage loans was £1,561.8 billion at the end of 2021 Q1, 3.6 % higher than a year earlier
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