“Of course, we cannot control world events or the rapid pace of change across economies,” she added.
“We live in sometimes staggering times of technological change, changing demographics and international marketplaces.”
Pritchard said having worked in global roles in an international bank, she understands how important it is to be able to have as straightforward an operating model as possible across borders and how the ability to do so depends on consistent standards.
She added that agreements internationally were “never easy” and defining rules at home can also be “challenging” and so how the FCA sets and tests rules and engages with the market is “vital”.
To achieve this, Pritchard identified input from the market as “key” to avoid unintended consequences and said that confidence in the market is “essential”.
“We are evidence-led so will only act where a failure to do so would cause harm to consumers and undermine the integrity of our markets,” she said.
tom.dunstan@ft.com
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