FCA to add 80 jobs focused on shutting down problem firms
The Financial Conduct Authority will focus resources on preventing serious harm, setting higher standards and promoting competition the watchdog detailed as it revealed its three-year strategy to improve outcomes.
The regulator also revealed that it was creating 80 roles to shut down problem firms which do not meet basic regulator standards. The initiative - a three-year strategy - will protect consumers from potential fraud, poor treatment and create a better market, the authority argued.
The FCA detailed that it will, for the first time, hold itself accountable against published outcomes and performance metrics.
SpendingAccording to the FCA, its calculations when developing the three-year strategy
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