Treasury Select Committee

FCA Criticised in Parliament

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 ...