Brexit proves taxing for UK financial regulator

The United Kingdom's financial regulator said Brexit will place "considerable demands" on it over the next year, as the effort of disentangling Britain's financial services industry from the European Union would continue to dominate its attention.

"Post-Brexit, we need to consider the future of regulation to ensure the regulatory landscape is fit for the challenge it faces," the Financial Conduct Authority, known as the FCA, said in its new annual business plan published on Wednesday.

The FCA plan for 2019-20 outlines proposals to tackle workplace culture and governance, and prepare for future regulation. It will also continue to tackle financial crime and improve anti-money laundering practices, by enhancing the use of technology and data as well as engaging with multiple agencies and government bodies.