An update on FCA delays

Watch February’s policy updates with our Senior Policy Manager Riccardo Tordera…

In December’s Insights, Alison Donnelly, Director of fscom and leader of Project Regulator spoke with Riccardo to address the severe and costly delays that payments and e-money institutions are experiencing on FCA authorisations.

This month, the FCA’s Head of Banking, Payments and Insurance Department, Authorizations Division, Val Smith joins them to provide some updates on how the FCA is improving the speed at which they are able to assess the cases and what this means for firms in the queue. Val also elaborates on the reasons for these delays, the key issues that arise when assessing the applications using a risk-based approach, and what a prospective applicant firm needs to do to avoid authorisation delays.

You can view the full transcript here.