MPs: FSA left consumers exposed to 'worst scandals' in UK history

Posted 21/01/2013 - 20:46 by anrigaut

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2013-01-21 (All day)

MPs have slammed the Financial Services Authority (FSA) for ‘failing consumers’ and warned the incoming chairman of the new regulator that he must do better.

A report by the Treasury Select Committee has laid out the failings of the FSA which it said ‘left consumers exposed to some of the worst scandals in UK financial history’. ...

... The Committee goes on to criticise the board of the FSA, which includes recently knighted chief executive Hector Sants, for failing in its oversight of the organisation. ...

Related article: Should the financial regulator be fined for its mistakes?
http://www.citywire.co.uk/money/should-the-financial-regulator-be-fined-...