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Improve financial regulatory authorizations or risk UK’s reputation, lobby group says

By Fiona Maxwell ( January 26, 2023, 00:01 GMT | Insight) -- The UK's financial regulators need to improve their authorizations processes or risk losing industry confidence in their operational effectiveness, industry lobby TheCityUK said today. In a report, it called on the FCA and PRA to implement its nine recommendations, which it said are necessary to prevent financial firms taking their business elsewhere in the face of “slow, inefficient, and unpredictable" approvals processes.The UK's financial regulators must “urgently” improve their processes of authorization or it will turn firms away from the country, a financial services lobby group said in a report today....

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