Which of the following is a key objective of the FCA?

The objective of the FCA, or the Financial Conduct Authority, primarily revolves around protecting consumers in the financial sector. This protection encompasses ensuring that consumers are treated fairly, preventing consumer harm, and promoting confidence in financial markets. The FCA strives to ensure that financial products and services are safe, transparent, and operate in a manner that supports customer interests.

While factors such as industry profitability, financial innovation, and management of government securities may play important roles in the overall functioning of financial markets and can indirectly impact consumers, they do not represent the central mission of the FCA. The focus on consumer protection is crucial because it helps maintain the integrity of the financial system by safeguarding individuals' rights and ensuring they have access to necessary information to make informed choices. This consumer-first approach helps enhance the overall reputation and stability of the financial sector as well.