FCA’s competition powers: the in-house view

Author: Lizzie Meager | Published: 15 Nov 2016

In-house counsel at UK banks see the value added from the financial services regulator’s newly granted competition powers but feel the process hasn’t been without teething problems.

Speaking at IFLR’s Competition Law Forum in London last week, panellists reflected on the past 18 months since the Financial Conduct Authority (FCA) inherited concurrent competition powers in April 2015.

The regulator has the ability to enforce against breaches of competition law, conduct comprehensive market studies and refer markets to the Competition and Markets Authority (CMA) for further investigation where appropriate.

The FCA's Deb Jones speaking at IFLR's Competition Law Forum last week

As such, the FCA is in a unique position unlike any other regulator in the world, with both soft and hard enforcement tools  at its disposal.

While panellists generally agreed on the benefits of the FCA promoting competition in the markets it already oversees, Graeme Brooks, head...



close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb