MPs brand UK financial regulator 'incompetent'
Source: BBC
A group of MPs and Peers have published a scathing report on the UK's main financial regulator, the Financial Conduct Authority (FCA).Describing it as "incompetent", they say the FCA is "too often failing" to perform its functions and are calling for it to be overhauled.The regulator has been heavily criticised by several independent reviews in recent years.The FCA did not see the full report ahead of publication…
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