Watchdog bites watchdog is a gift for headline writers, but the description of the UK National Audit Office’s report on the FCA’s performance as a ‘slamming’ may betray evidence of a little too much egg in the Christmas nog. Nonetheless, criticism that the regulator takes too long to identify
NAO wants a quicker, clearer FCA but is the critique fair?
NAO review criticises sluggish and opaque FCA, but wider questions also need to be taken into account.