We encourage everybody to watch this clip from @BBCBreakfast on Saturday morning👇
https://t.co/1nkep9FBZz
Furthermore, we encourage everybody to watch this event taking place tomorrow morning (Tues, 3rd December) at 10:15am GMT👇
https://t.co/sJG35mhCjd
Tuesday morning’s meeting is important because the @CommonsTreasury are going to be talking about @TheFCA.
It may be coincidence, but it is interesting that this meeting was organised very recently; perhaps it's been organised as a direct consequence of the @appgonifandffs's report on the FCA that was published last week?
If you wish to access relevant background information, please click below for the slide deck used at the briefings in Parliament last Tuesday (26th Nov)👇
https://t.co/0qXSp3abXY
...and click here for the full report by @appgonifandffs👇
https://t.co/Y1QHLYQj9l
The big question now is whether @TheFCA has actually transformed itself and whether the issues about @TheFCA's underlying behaviour that are detailed so extensively in the report are still there, or if there is now "nothing to see here anymore, FCA has all been fixed".
This seems to be a very polarising issue.
But what do you think?
Please share your thoughts, especially if, for example, you have recent insights regarding @TheFCA’s recent handling of cases such as Woodford, Philips Trust, Wealthtek, @TheFCA’s treatment of whistleblowers and so on.
The UK's Financial Watchdog, @TheFCA , is facing significant criticism and calls for reform due to its failures in protecting consumers from financial scandals, despite claiming to have made improvements.
🔍00:00 The UK's Financial Watchdog has implemented significant changes to enhance consumer protection after a critical parliamentary report highlighted failures in its regulation amid several financial scandals.
💔01:07 Andrea, a London Capital and Finance scandal victim, highlights @TheFCA 's failure to protect investors despite the report detailing the loss of £236 million from 11,500 individuals over six years.
📉01:52 A scathing report reveals the @TheFCA 's incompetence, lack of transparency, and accountability, recommending the removal of its immunity from civil liability.
🛑02:47 MPs demand government intervention to reform or abolish @TheFCA, citing widespread harm to people's lives.
🚨03:17 Serious regulatory failures by @TheFCA have left people unprotected from investment scams, with the report labelling the authority as incompetent and dishonest.
💬04:12 @TheFCA 's chief executive expressed sympathy for scandal victims, emphasised lessons learned from past investigations, and defended the regulator's accountability while remaining open to feedback.
💼05:13 @theFCA acknowledges past consumer distress from financial wrongdoing but asserts significant improvements and actions taken since then despite mixed perceptions of its effectiveness.
📊06:06 @TheFCA claims to have learned from past scandals, but victims argue it remains inadequate, highlighting a divide in perspectives following a recent report.
https://t.co/m4HZXwTyI6
@appgonifandffs@TransparencyTF