UK: financial regulation reform - the Financial Conduct Authority

Last month the Treasury Select Committee published a report regarding the Financial Conduct Authority (FCA), one of the new regulatory authorities within the new financial regulatory framework scheduled to come into existence early next year. The Government's response, together with the Committee's response to the Government, was published today: see here (html) or here (pdf). The Committee has once more expressed its concern with the pace of reform and has called for changes to be made regarding the accountability and objectives of the FCA. Legislation introducing the new framework is currently before Parliament: see here.