FCA under further pressure as legal action begins

Andy Agathangelou, founder of the Transparency Task Force, has published the open letter calling for the non-executive directors and outgoing chair Charles Randell (pictured) to "provide an explanation as to why [they] are failing to act upon the findings" of the independent investigation into the FSA/FCA IRHP Review scheme. The letter presumes that the regulatory board must have been "sufficiently concerned by the widespread backlash and complaints in respect to the IRHP Review" to order the investigation initially. Agathangelou goes on to argue that it is "a concern" the regulator i...