Tony McClements laments the UK Government's failure to take on the fraudsters and argues the value of deterrence must be shown.
NAO
Sam Tyfield has something to say about the Industry and Regulators Committee report on UK regulators.
Gavin Stewart asks if the NAO's criticism of the FCA is fair, and ponders the role the NAO plays.
NAO review criticises sluggish and opaque FCA, but wider questions also need to be taken into account.