Has The Fca Investigation Been Discussed On Here?

[Gavmacp]

As someone that doesn't really debate as I find it all rather pointless and rather stupid I will ask a serious question for a change!
Has the FCA dropping their investigation into the banking sector been discussed on this site? And if not why not? To me this all sounds very suspicious!!

[Milvus]

The FCA haven’t dropped their investigation into the Banking Sector. Just one investigation,. That was into Culture, Pay and Behaviour of staff in Banking. And what would be the result of that if it was completed? A government can’t control pay in private companies. Not all UK banks were bailed out and therefore under government control. Foreign banks and remaining UK banks will pay the highest rates and attract the “best” people driving the value of our “Nationalised” banks down. As to culture and behaviour , the finance world is a market, hooray henrys and barrow boys in equal mix. No different to any other market. You surely don’t need to spend time and money on investigating that. The FCA needs spend its resources to make sure that current rules are applied and that weaknesses are repaired by revised legislation. They have, after all, just fined Barclays £72million. This complaint is a politically driven storm in a teacup.

[Peter Pedant]

she is an acting head
and perhaps will act no longer

the labour MPs have got the bit between the teeth
and there is more to come I am sure