Financial watchdog says MPs' criticism 'not fair'

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Financial watchdog says MPs' criticism 'not fair' - BBC Business

Quick Summary:

Nikhil Rathi says the organisation has improved, but a report says its culture has "got worse".

It referenced years of similar criticism from other reports, including a 2016 paper from the New City Agenda which said there was "a deep seated culture of box-ticking" at the FCA.

On the issue of accountability, Mr Rathi said the FCA appears before Parliament and select committees and publishes more data than "any other regulator in the world".