FCA labelled 'shame of UK financial regulation' by ex-employee

Taskforce suggests reforms to the FSM bill to mitigate further failures

Ayesha Venkataraman
clock • 8 min read
FCA labelled 'shame of UK financial regulation' by ex-employee

The Transparency Task Force (TTF) has proposed three amendments to the Financial Services and Markets (FSM) Bill having become “increasingly concerned about the lack of effectiveness” of the Financial Conduct Authority (FCA) in relation to its responsibility for providing an appropriate degree of consumer protection.

The social enterprise convened a meeting with parliamentarians, former FCA employees and other stakeholders yesterday (15 September) to discuss amendments that could be made to the FSM bill to bols...

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