16/01/2012 - TSC Confirm No FSA Accountability Is The Problem
TSC Confirm No FSA Accountability Is The Problem.
The Treasury Select Committee (TSC) has published a report into the Financial Conduct Authority (FCA) detailing a number of recommendations for the government ahead of the drafting and publication of the Financial Services Bill.
According to the Treasury Select Committee (TSC) the Financial Services Authority (FSA) has not succeeded in protecting the public from spectacular regulatory failings and believes a a higher level of accountability to Parliament can help provide better quality regulation and avoid the problems that have plagued the FSA in recent times.
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