The FCA has published a speech by Mary Starks, Director of Competition, on competition policy in financial markets.  In her speech, Ms Sparks discusses how the FCA came to have a competition remit, addressed the work the FCA has done in carrying out its competition mandate, described some of the challenges that have been faced along the way, and outlined some of the big picture questions that need to be addressed in the future.  Ms Sparks gave more detail on market studies and the shift from a firm-based view of the world to a markets-based view, as well as considering the views taken by innovative entrant perspectives and the consumers of financial products, stating that there is plenty more work still to do on all three fronts, but the big challenges of the future seem to be management of firm exit and distribution of the benefits of competition.