UK's financial watchdog is 'incompetent' and 'dishonest', MPs and peers claim

By Yahoo! Finance   |   1 year ago
UK's financial watchdog is 'incompetent' and 'dishonest', MPs and peers claim

A parliamentary group of MPs and peers have criticized the UK's Financial Conduct Authority (FCA) as incompetent and dishonest. The report highlights the FCA's failures in protecting consumers from financial scams and misconduct. Urgent reforms are recommended to address leadership issues and lack of accountability.

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