Treasury Committee chairman Andrew Tyrie has said the Financial Conduct Authority (FCA) must engage more with the regulated community and do more for consumers, as the City watchdog announced sweeping structural and personnel changes following a strategic review.
Three executive committee members, including supervision director Clive Adamson, will leave the FCA as a result of the changes, which the regulator said will represent a "new way of working" when they are introduced from 5 January. "Serious concerns have been raised - not least in Parliament - about the way that the FCA has approached its responsibilities since it was formed in April 2013," said Tyrie. "At first glance the changes...
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