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FCA branded ‘complacent, conflicted and captured’ in new Parliamentary report

By 2024-11-26T07:00:00

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The APPG noted that the regulator was ‘widely seen as incompetent’ and that a ’significant number of respondents believe the FCA sometimes acts in bad faith’

The FCA has been lambasted as “complacent, conflicted and captured” in an All Party Parliamentary Group (APPG) report, which is due to be presented during a meeting in Parliament later today (26 November 2024). 

In the Investment Fraud and Fairer Financial Services APPG’s report, contributor Lord Sikka said: ”[This report] is a justifiably hard-hitting critique of the regulator – a regulator that I have been convinced for quite some time to not be fit for purpose. 

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