The Financial Conduct Authority gave scant detail on progress regarding Woodford, in a letter to the Treasury Committee dated 14th December 2022 (published 11th January 2023), responding to questions posed during the hearing and updates to the Committee on progress in certain areas.
ShareSoc considers the FCA letter to be insufficient. We have written to the Committee saying “we respectfully request that the Committee consider asking members of the FCA to appear before the Committee in person so that the progress of ...
A ShareSoc news item by ShareSoc Director Cliff Weight
ShareSoc and UKSA submitted a joint response on 19th February 2021. In summary we said:
A long history of regulatory failures demonstrates serious deficiencies in the way financial services are currently regulated.
The UK’s departure from the EU means that the UK can now set its own financial services rules, untrammelled by the views of 27 other countries.
We believe that major changes are required, particularly in the following areas:
Making the best ...
The Financial Conduct Authority (FCA) has been severely criticised today (27/3/2015) in a report issued by the Treasury Select Committee. Here are a few things they say in their overall conclusions about the events surrounding the press briefing on the Government's planned review of the life insurance market, which caused share prices in some companies to drop sharply.
"The events of 27 and 28 March.....revealed multiple flaws in the FCA's processes and practices. These failings went right to the top of the ...