@RNW_MITCHELL@NatWestGroup Congratulations to everyone who made this happen. Hundreds more of these despicable people to arrest and punish for the harms caused to innocent businesses and the consequences for thousands of families. @PoliceScotland@CPSUK@nationalc
@theJeremyVine how is that governent raises "money" from #banks yet when they mismanage it, the government bails them out? This whole thing is a con. @UKParliament@UKLabour
Our first launch briefing on the Report on the
Call for Evidence about The Financial Conduct Authority is now underway!
Quote from @BobBlackman:
"Meaningful change from @TheFCA must now happen"
Access the full report here👇
https://t.co/bDwC8cmW7I
A cross party group of MPs will call the Financial Conduct Authority “incompetent” in a scathing report. The APPG on Investment Fraud and Fairer Financial Services @appgonifandffs says the organisation is “too often failing” https://t.co/zCRHen6Nb4
1/2 Quote: There is little in the report that is news to me or many other financial services professionals, whistleblowers and victims. The findings of the report combined with the substantial evidence I and others have gathered over many years, establishes a disturbing truth;
The FCA has been heavily criticised in a report released by the All-Party Parliamentary Group on Investment Fraud and Fairer Financial Services (APPG) following concerns about the regulator such as the Connaught Scandal. https://t.co/BjPPhiHqBh
2/ The overall objective of @appgonifandffs’s report is to ‘wave a red flag’ to @GOVUK, @hmtreasury and @UKParliament that many people believe there are serious problems with @TheFCA i.e. ‘incompetent at best, dishonest at worst’...
3/ ...amongst those in a position to now take any action that may be deemed necessary.
For those that want further information please see:
1) Press statement about the report and the briefings that took place in Parliament on Tuesday: https://t.co/ZdxuBUXg0d
4/ 2) The report: https://t.co/bDwC8cmW7I
3) Slides used at the briefings on Tuesday: https://t.co/9wA4FlKjiL
4) Comments of concern expressed by Parliamentarians: https://t.co/jDtqoQUP3h
5) Tuesday’s speech by APPG Co-Chairman @BobBlackman: https://t.co/InoTmTOmgD
5/ In his speech On Tuesday @BobBlackman expressed hope that @TheFCA would not respond defensively to the report.
We invite all to engage with this topic, regardless of your views, as its clearly an issue of major public interest and we are proud to to have ‘done our bit’ in...
6/ stimulating the debate that is now taking place in the media and will, we hope, soon be taking place in @UKParliament
Please do check in with today’s @Moneybox at 12:04pm; or access it later.
Thank you to all involved, including the 170+ people who provided testimony about...
7/ @TheFCA, especially those who work/worked at @TheFCA who took a risk in stepping forward to share their insights and express their concerns. Thank you to all.