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UK financial regulators to see complaints watchdog get more powers in Brexit bill amendments

By Fiona Maxwell ( May 22, 2023, 12:46 GMT | Insight) -- The UK’s financial regulators would be overseen by a beefed-up complaints body under plans to insert more accountability measures in nearly finalized post-Brexit financial services legislation. Planned provisions include greater powers for the Financial Regulators Complaints Commissioner and a requirement for the FCA and PRA to report on their progress in implementing a new competitiveness objective.The UK’s financial regulators would be overseen by a beefed-up complaints body under plans to insert more accountability measures in nearly finalized post-Brexit financial services legislation....

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