The Financial Conduct Authority (FCA) is to open up investigations related to competition failures by financial services firms, its director of competition has said.
Deb Jones told delegates at the The Impact of Competition Powers on Financial Services conference in London on 23 March the regulator is ready to use its enforcement powers and has started proceedings in some cases. She said: "For the last year, we have been talking about enforcement cases in the future tense. Very recently, that has changed and I can now confirm that we are taking active steps towards the opening of Competition Act investigation. "It is not the FCA's normal practice to release details of enforcement cases in the early stages, so for today, and for some time to come, ...
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