The story of the thumb-sucker: Is the FCA using supervisory shock tactics?

The story of the thumb-sucker: Is the FCA using supervisory shock tactics?

Carmen Reichman
clock

You may not be familiar with the story of Der Struwwelpeter (or Shockheaded Peter), but it seems somebody from the Financial Conduct Authority (FCA) is well versed.

The 1845 German children's book comprised ten illustrated stories, mostly about children, which each have a central moral demonstrating the sometimes-dire consequences of misbehaviour. Take ‘Die Geschichte vom Daumenlutscher' (The Story of the Thumb-Sucker), for example, in which a mother warns her son not to suck his thumbs but, when she leaves the house and he resumes his thumb sucking, a roving tailor appears and cuts off the boy's thumbs with giant scissors. The FCA may not be waving sharp implements threateningly at the regulated masses, but it appears to have adopted the shock f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Government to reconsider rejection of Waspi compensation

Government to reconsider rejection of Waspi compensation

Rethink does not guarantee that financial redress will be awarded

Jonathan Stapleton
clock 12 November 2025 • 3 min read
FCA seeks experienced professional opinion on its decision-making

FCA seeks experienced professional opinion on its decision-making

Regulator opens applications for positions on three statutory panels

Isabel Baxter
clock 10 November 2025 • 1 min read
FCA warns on 'poor' advice consolidation practices

FCA warns on 'poor' advice consolidation practices

Including on debt and incentives

Sahar Nazir
clock 31 October 2025 • 3 min read