Editor's letter: Is the FCA living on borrowed time?
Unpopular as it is, the regulator still has market support. But for how long?
The old adage goes ‘better the devil you know, than the devil you don’t’.
It could be argued that you could replace the word devil with regulator based on the commentary in this month’s magazine cover story: ‘Would a merged FCA/PRA make brokers’ live easier?’
The piece was written in response to suggestions during the Conservative leadership contest that now PM Liz Truss was set to merge the Financial Conduct Authority, the Prudential Regulatory Authority and the Payment Systems Regulator.
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