FCA chair: Regulating 60,000 firms is a problem
FCA must be rigorous
“The review into London Capital & Finance highlighted the risks from firms which exploit the ‘halo effect’ of FCA authorisation."
Financial Conduct Authority (FCA) chair Charles Randell has said the financial watchdog must be stricter with authorising firms as he admits that regulating 60,000 firms is tough.
Speaking at a Finance & Leasing Association event, Randell (pictured) said the FCA must make sure the firms that have authorised status are good enough, as the number of firms it regulates increase...
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