What is one of the FCA's operational objectives?

The Financial Conduct Authority (FCA) has several operational objectives aimed at ensuring that financial markets work well for consumers, businesses, and the overall economy. One of the key objectives is to ensure appropriate consumer protection. This means that the FCA is focused on safeguarding the interests of consumers in the financial services sector.

By promoting and enforcing rules that protect consumers, the FCA aims to ensure that financial products are safe, that consumers are treated fairly by financial institutions, and that they have access to appropriate information to make informed decisions. This commitment to consumer protection helps to foster trust in the financial system, which is crucial for the stability of the markets and the economy as a whole.

The other options do not accurately reflect the specific operational objectives of the FCA. For instance, promoting banking competition is important but is not the sole focus of the FCA's objectives. Similarly, while the FCA may take international regulations into account, it is not primarily tasked with overseeing them, nor is regulating crisis management procedures a primary operational objective.