Financial firms' confidence in the Financial Conduct Authority's (FCA) communication and regulatory approach has declined over the past year, according to the FCA and Practitioner Panel Survey (FCAPP).
Published on 3 October, the results showed that while most firms still rated the FCA's communication as clear and consistent, there had been a rise in discontent among fixed firms. The proportion of fixed firms disagreeing that FCA communication is clear rose to 11%, up from 2% last year. Those who said it was inconsistent jumped to 17% (from 8%), and those who found it irrelevant climbed to 9% (from 0%). A majority of both fixed and flexible firms did still agree that FCA communication remains clear, consistent and relevant. Among flexible firms, however, awareness of the regulator's...
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