FCA urged to prioritise a 'common sense' approach

Last week’s PA Asks poll highlights industry’s thoughts on the FCA

Sahar Nazir
clock • 2 min read

The Financial Conduct Authority (FCA) must prioritise measures that resonate with real-world scenarios and provide support rather than additional regulatory burden, the industry has said.

Respondents to last week's PA Asks poll were asked to share what they would you like to see the FCA prioritise over the next 12 months. Among the top priorities outlined by professionals in the industry is a plea for a "common sense approach" from the FCA that aligns with practical realities. One respondent said they would like the FCA to "continue to tier a common-sense approach when it comes to value for money service". Moreover, there were calls for the FCA to demonstrate its own commitment to consumer protection through its Consumer Duty, as well as a plea to crack down on scam...

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