'Democratic deficit' at new UK regulators worries industry


Voices from across the financial services industry continue to express concern over the reform of the UK regulatory system.

The UK Treasury recently updated its plans in light of correspondence it has received as part of its consultation due to close in April. The paper lays out more details on plans for the Financial Conduct Authority (FCA), formerly the Consumer Protection and Markets Authority, and explains the role of the newly established Financial Planning Committee (FPC).

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