UK financial regulator faces probe into its effectiveness


he ability of the UK’s financial regulator to do its job is set to come under close scrutiny in a new probe.

The activities of the Financial Conduct Authority, which regulates a swathe of firms in the square mile from High Street Banks to crypto trading apps, are to be reviewed by the National Audit Office in a bid to “examine how the FCA is working with others, particularly HM Treasury.”


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