The Financial Conduct Authority (FCA) has been accused of incompetence and basic failings after the publication of internal audit reports. In a report published on Thursday, it was revealed that the FCA had failed to follow up with its own investigation into the matter.
The Financial Conduct Authority (FCA) has been accused of incompetence and basic failings after the publication of internal audit reports. Following these reports, the House of Commons' has expressed uncertainty concerning the financial regulator's ability to supervise big banks effectively.