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UK FCA told it’s ‘uncomfortable’ to discuss failure tolerance, with livelihoods at stake

By Sofia Gerace ( June 5, 2025, 07:45 GMT | Insight) -- Rachel Blake, a lawmaker in the UK's governing Labour Party, has told the Financial Conduct Authority that it's "uncomfortable" to talk about failure tolerance in financial regulation, given the real-world impact that such failures would have on consumers. The FCA has been asking parliament and government to provide “tolerable failure metrics” to help the watchdog understand how far it can go to push for growth.Rachel Blake, a lawmaker in the UK's governing Labour Party, has told the Financial Conduct Authority that it's "uncomfortable" to speak about failure tolerance in financial regulation, given the real-world impact that such failures would have on consumers....

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