FCA upskills on cyber

The FCA has sent over 4,000 of its employees on compulsory cyber and information security training over the past two years, in an effort to help investigate and combat financial crime. 

The FCA's complex remit (which covers a plethora of newly launched fintechs, alongside traditional banks) and the ever-increasing threat of financial crime means we can likely see further FCA investment in such technical skills, to ensure it can adequately investigate and hold firms to account.

How such upskilling will impact the FCA's enforcement priorities and approach to investigations remains to be seen, and is something we will be monitoring closely.