The FCA has published minutes of its July board meeting and key points of interest include the following: (i) the FCA has established a new EU and global department to co-ordinate its planning work and to bolster its international engagement activity with a view to influencing global standards; and (ii) a new authorisations risk appetite approach and framework was approved, which incorporates the views of different sectors, has a more robust review cycle and governance framework, and includes the introduction of a new risk channel for lower risk transactions.