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Labour and Conservatives put FCA under pressure over excessive regulation – reports
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investmentweek.co.ukChancellor Jeremy Hunt recently called on the regulator to rethink its plans to ‘name and shame' companies under investigation, in a rare regulatory intervention from a chancellor. At the same time, shadow City minister Tulip Siddiq told the FT that Labour plans to create a Regulatory Innovation Office (RIO) to «improve accountability and promote innovation in regulation cross sectors». More specifically, she said a push on the FCA to «tear down barriers to competitiveness and growth», would be part of Labour's plans, if elected at the upcoming General Election. FCA's Ashley Alder:...
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