UK MPs urge separation of Financial Conduct Authority functions
Parliamentary committee suggests enforcement should be separated from FCA
The chairman of the UK parliament's Treasury Select Committee (TSC), Andrew Tyrie, has called for a "serious re-examination" of the case for a separate enforcement body for financial services in the wake of a heavily critical review of UK bank HBOS, published today (July 26).
"The case for placing the Financial Conduct Authority's [FCA] enforcement function in a separate body – proposed by the Parliamentary Commission on Banking Standards in 2013, and later rejected by the Treasury – has been
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