JEFF PRESTRIDGE Asks, Can FCA Walk The Walk?

0
19

It appears the City regulator – the Financial Conduct Authority – has finally woken up from its lockdown slumber and decided to go all bold on us. Miracles never cease – I thought it had gone into permanent hibernation (if only the pesky squirrels in my garden would do so). 

Last week, the FCA revealed ambitious plans to turn a nation of savers into investors. It also promised to protect investors from scams and warn them away from higher-risk investments (usually involving cryptocurrencies). 

All rather messianic and all rather unusual for an organisation that has a bit of a reputation – fuelled by scandals such as Woodford and London Capital & Finance – for preferring to do nothing until it is too late. Fiddling while Rome burns. 

Finger on the pulse: We must give the FCA the benefit of the doubt and pat it on its bureaucratic back

Indeed, you could argue that these ambitious plans are also far too late. After…

Read full article at todayuknews.com