Industry calls for 'sense of direction' from regulator

In full, the four main themes the FCA has said respondents want to see are: a desire for clarity and sense of direction from the regulator; more protection for vulnerable consumers; more clarity on existing rules, or, altnernatively, a clear set of principles rather than prescriptive rules; and more engagement between regulators and firms on sharing lessons learned and good practice. The FCA added: "Respondents are keen on a clearer rationale for our decisions - what we choose to do and not to do. Some respondents are keen on clear sets of principles for business rather than prescriptive...