FCA: We are working to reduce 'regulatory overload'

The regulator said in response to the independent panels' annual reports, it was keen to "reduce the cumulative impact" of its regulatory requirements on firms. The panels, which are made up of the Financial Services Consumer Panel, Practitioner Panel, Smaller Business Practitioner Panel and Markets Practitioner Panel, had raised "regulatory overload" as being an issue the FCA should address. The panels represent the interests of both consumers and practitioners, including smaller regulated firms and financial market participants. The FCA said it was in the process of allocating fi...