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Less than 30% of firms trust FCA's ability to promote competition

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    • Andrew Pearce

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Just 28% of firms are confident in the Financial Conduct Authority's (FCA) ability to deliver effective competition, a survey has found.

A further 32% of relationship-managed firms are worried about being placed at a disadvantage compared to competitors abroad due to the weight of regulation, a FCA Practitioner Panel survey has today revealed. 

The study also found that firms wanted better communication with the regulator and more predictable regulation.

Some 44% of non-relationship managed firms said the FCA's predecessor, the Financial Services Authority, was not at all effective, leading the FCA to conclude that more effort

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