FCA ramps up warnings over dangers around ‘call-in’ powers
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FCA ramps up warnings over dangers around ‘call-in’ powers

Marcel Le Gouais
08 November 2022
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Houses Of Parliament in the morning

The CEO and chairman at the Financial Conduct Authority (FCA) have doubled down on their warnings that a proposed call-in power, which would enable ministers to intervene in regulatory policy, will “undermine the UK’s competitiveness” as a financial centre.

The government is due to introduce the controversial intervention tool into legislation soon via an amendment to the Financial Services and Markets Bill, which is passing through various stages in Parliament before it’s ratified as law.

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Topics

News Regulation FCA
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Marcel Le Gouais
Deputy Editor
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