FCA supports long-term economic growth objective

Houses of Parliament

Regulators quizzed by Treasury Select Committee.

The Financial Conduct Authority has not seen evidence of pressure to lower standards below the level the watchdog thinks is appropriate as the government reviews the state of regulation, leaders of the watchdog told a Treasury Select Committee.

Sheldon Mills, executive director for consumers and competition at the FCA and Edwin Schooling Latter, director of wholesale markets, gave evidence to the inquiry on the future of financial services on 21 February along with representatives from the

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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