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FCA has 'near impossible' job to balance growth and consumer protection
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Speaking before the Treasury Committee today (3 December), William Wright, founder and managing director at the New Financial think-tank, said media and political scrutiny have a tendency to «default to consumer protection», which forms part of the primary objective of the FCA. Because of heightened focus on consumers, the watchdog, «and to a lesser extent the Prudential Regulation Authority» face a «near impossible job» in striking a balance between consumer protection, market stability and integrity, as well as competition, Wright added. David Postings, chief executive of UK Finance...
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