FCA needs quantum leap to achieve goals
The new Financial Conduct Authority (FCA) must deliver a quantum leap in effective regulation, according to Kay Blair, vice chair of the Financial Services Consumer Panel.
Speaking at the FCA Approach to Regulation Conference, Ms Blair emphasised the need for a proactive regulator which will put consumers at the heart of its regulatory philosophy. She added that it needed to have the appetite and ability to use its new powers.
Ms Blair admitted that the FSA had undergone a sea-change in behaviour in recent years but said the panel felt that a quantum leap was now needed if more effective regulation was to be achieved.
She added that timing was critical for the
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