FCA chief vows to end laid back regulation
The Financial Conduct Authority (FCA) needs to make better, bolder, faster decisions and will not lie back and let financial markets run themselves.
That was the message Martin Wheatley, managing director of the Financial Services Authority (FSA), gave to a British Bankers’ Association audience as he outlined a “new orthodoxy and regulatory approach” for the future of conduct regulation.
Mr Wheatley, who will be CEO of the FCA, made it clear he felt it was time for a new approach to get the right outcomes for consumers.
He said: "We need to develop a new orthodoxy and a new regulatory approach. I want the culture in your firms, from your
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