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Lawmakers accuse UK FCA of failing consumers, call for regulatory overhaul

( November 26, 2024, 00:33 GMT | Official Statement) -- MLex Summary: A report by a cross-party group of lawmakers in the UK has accused the Financial Conduct Authority of slowness, inaction, complacency, capture, opacity, unaccountability and even dishonesty. The All Party Parliamentary Group on Investment Fraud and Fairer Financial Services report, based on testimony of 175 individuals, has called for legislative reforms and cultural reform at the regulator to protect against the risk of misconduct and poor customer outcomes.Report attached. ...

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