The UK Financial Conduct Authority (FCA) has established its presence in the USA and Asia Pacific. This new move is said to be part of its new strategy.
The FCA is the top securities regulator in the UK and uniquely holds a mandate to ensure competition. The regulator has been a key participant in supporting UK Fintech growth. While in the US, there are a cornucopia of regulars touching financial services and state regulators, the UK has a more streamlined approach that can expedite certain objectives.
The FCA states that Tash Miah is working out of the British Embassy in Washington, DC.
Tash is expected to work closely with the Department for Business and Trade to advance UK-US financial services policy and regulatory cooperation and support financial firms in the US in navigating UK regulation.
Camille Blackburn will establish a regional office in Australia from July 2025 as the FCA’s director of Asia-Pacific.
She will focus on supporting financial services firms in navigating regulation to enter the UK market or raise capital and on providing UK firms with support in expanding into the APAC region.
Sarah Pritchard, executive director, supervision, policy, competition and international, said: that as the UK is a global hub for financial services these new positions will help them to support growth of UK financial services while attracting investment.
“We recognise that major international investors want easier access to us, and having a presence in these key regions will help achieve that.”
Improving exports and inward investment is one of the FCA’s key growth commitments.