TSC to launch inquiry into FCA accountability

It plans to investigate whether, under current government proposals, the rules on how the FCA justifies its actions are strong enough. "The creation of the FCA provides an opportunity to examine the accountability mechanisms that will apply under the new system of financial regulation," the TSC said in a report out today. "We will therefore instigate an inquiry into this, including the mechanisms proposed by the government, as well as the concerns raised within the evidence attached to this report, to decide whether they are adequate." Their announcement is included in a TSC report...