It’s been all-go at FCA headquarters of late as the organisation faced criticism from MPs in a scathing report on its efficiency and integrity, or lack thereof.
The All-Party Parliamentary Group (APPG) Investment Fraud and Fairer Financial Services report said the watchdog was failing to perform its functions properly and called its integrity into question. The report said the FCA "too often fails to perform its functions to a reasonable standard", with particular gaps in performance noted across its consumer protection field, where the regulator is "slow to spot and identify fraud and other misconduct". Advice stalwarts Ken Davy and Al Rush shared their views. Rush said the problems at the FCA were "insurmountable". Davy said it was "overly ...
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