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    The failed FSA becomes the new FCA.

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    papa_umau
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    The failed FSA becomes the new FCA.

    Post by papa_umau on Sun 31 Mar 2013, 12:23 pm

    The consumerism experts at Which? are calling for the new Financial watchdog: The Financial Conduct Authority, or FCA, which replaces the old and failed Financial Services Authority or FSA "must clean up the scandal-hit banks!"

    In a message to the head of the new FCA, who start work next week, Which? said "The new regulator must learn from the mistakes of the past and ensure that the consumers come first at all times".

    Which? expect to see a new code of conduct being applied by the FCA and "naming and shaming" backed up by much heavier fines being applied for breaking the rules.




    Well folks, being the old cynic I think you all know I am, I want to see this new body REALLY take over from the FSA and by it's early actions make us feel that we at last have a watchdog that has teeth and that they are not afraid to use them.

    I guess that in the fullness of time, we shall see !

    What do you think ?


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    zathrus
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    Re: The failed FSA becomes the new FCA.

    Post by zathrus on Thu 04 Apr 2013, 12:03 pm

    Some punter once said: "A rose by any other name would smell as sweet" and excuse me if I am cynical, but I will keep my opinions reserved about this new bunch until I see how they work.

    FSA or FCA, they are probably just the same mob with nice new jackets on.
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    papa_umau
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    Re: The failed FSA becomes the new FCA.

    Post by papa_umau on Fri 05 Apr 2013, 12:47 pm

    No, you are not that cynical mate, as I too want to wait and see just how good this new body is.

    I am not expecting much either.


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