Independent Report Criticizes FCA on Post-Crisis Softness
Posted: Wed Jul 20, 2016 2:37 pm
According to the findings from a recent study conducted by a commissioner overseeing financial authorities in the UK, Antony Townsend, has iterated that the FCA has been way too soft in the aftermath of the financial crisis and has not been vigilant enough to encourage real reforms.
The study cites the FCA as being “defensive in the face of criticism” and condemns some of the practices of the watchdog as inappropriate.
The FCA is being accused of not dealing properly with a number of companies by Anthony Townsend, who authored the report. The main reasons for the deteriorating performance of the services ... (read more)