The National Audit Office’s (NAO) value for money report is widely critical of the FCA, which it rebukes for, as the Financial Times puts it, “being too slow to act on regulatory risks and for failing to give the government the information it needs to judge the success of a
No FCA Xmas card for the National Audit Office
Gavin Stewart asks if the NAO’s criticism of the FCA is fair, and ponders the role the NAO plays.