As part of the Panel’s aim to provide early and effective practitioner input into the FCA’s policy development, it has established a number of strategic priorities which are reviewed on at least an annual basis. The priorities enable the Panel to pursue its own agenda as well as following the consultation agenda of the FCA. The Panel aims to work closely with the FCA in developing its key priority areas and establish its new areas of focus as the FCA embeds its own strategic plans.

Overall, the Panel believes that a well-functioning market considers elements including care, trust, innovation and sustainability. Within this framework the Panel currently has five areas of focus:

EU withdrawal

• FCA engagement with industry in planning.

Relationship with regulator

• Balanced FCA communications
• Clarity of expected outcomes
• Principles-based supervisory approach
• Reasonable, appropriate and proportionate impact
• Co-ordinated approach within and between regulators
• Sustainability of regulation

Culture

• Improving confidence and trust in industry
• Behaviour, values and diversity
• Better disclosure and consumer outcomes
• Treatment of vulnerable customers

Technological innovation and Data

• Data sharing, privacy and evolution of Open Banking
• Cyber security
• RegTech
• Cryptocurrencies

Ageing Population

• Strategic approach to meeting post-retirement needs
• Pensions
• Long-term savings