Hoban: Twin peaks regime will be accountable

Hoban told IFAonline the Financial Services Bill, which is currently going through the House of Lords, will make the incoming Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) more accountable. "One of the measures that is in the Financial Service Bill is to move to a point that where there has been a regulatory problem, that both the PRA and FCA do produce reports trying to understand what has happened," said Hoban. He added although there is existing legislation compelling the Financial Services Authority (FSA) to produce reports on regulatory problems - so...