Lucy HadrillIn May, Treasury published a call for proposals on which metrics the FCA and PRA should publish in relation to the secondary growth and competitiveness objectives introduced under FSMA 2023.
In its formal response to its call for proposals, Treasury has announced that the FCA and PRA intend to publish a range of quarterly, biannual and annual metrics relating to:
- operational efficiency and MI;
- international competitiveness;
- regulatory burden;
- policy and implementation; and
- digital and innovation.
The regulators expect to publish the new metrics as part of their next quarterly reporting, by summer 2024 or, where appropriate, in their 2023-24 annual reports.
The metrics will not require the regulators to make significant new data requests of firms.
