FCA looks for policies to scrap as it slows ‘pace of regulatory change’

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Financial Times 18h ago

FCA looks for policies to scrap as it slows ‘pace of regulatory change’ - Financial Times

Quick Summary:

Last year it was forced to water down one of its most controversial proposals — to “name and shame” more of the companies it investigates — after uproar from ministers and City executives.

As the government cracks down on watchdogs, the FCA has faced particular scrutiny over concerns that its approach to financial regulation is too heavy-handed.

A Treasury spokesperson said: “We welcome the FCA’s work to streamline regulations,” adding that officials were “working with the regulators to deliver an ambitious action plan in the coming weeks to drive growth”.