Report comment

The confusion of what is fair and reasonable has been one of the FCA's own making

It refuses on so many issues to be specific when it is the regulator and has no justification for being vague

The Chair of the Treasury Select Committee has said that the FCA is looking into revising the rule book.

Whilst the exercise is years late what exactly does that mean?

What is appropriate to X may not be to Y and is there really a need to have to revert to lawyers when 99.9% of issues can be sorted if the rules are clear

We were promised a reduction of regulations by the present CEO and nothing has happened. Why, Brexit has nothing to do with it

The UK alone chosen to gold plate and gilt edge every EU rule and just wont back track. The reason can't be for the protection of UK Clients as that would be discriminatory. It is solely for jobsworth

We need an independent commission into the remit of the FCA and the costs attributed to it. Under FOI we get to see a smidge of the waste that occurs and it just isn't run well.

For that its clear where the buck stops, and for the FCA to run itself without serious transparency is duplicitous in extreme.

Allianz has highlighted a problem that may not be a problem, seems to infer there may be one.

It takes 10 minutes for the FCA to decide what is fair and yet nearly 14 years after its inception it still can decide what to do. That is not the sign of a professional entity its a clear sign of ineptitude and incompetence