MPs brand UK financial regulator 'incompetent'

Bu içerikte, İngiltere’nin ana finansal düzenleyicisi olan Finansal Davranış Otoritesi (FCA) hakkında bir grup milletvekili ve lordun sert bir rapor yayınladığı ifade ediliyor. FCA’nın “yetersiz” ve “sık sık başarısız olduğu” şeklinde nitelendirildiği raporda, otoritenin baştan aşağı yeniden yapılandırılması gerektiği vurgulanıyor. FCA, son yıllarda birkaç bağımsız inceleme tarafından ağır eleştirilere maruz kaldı. Ancak FCA, raporu görmeden önce, Financial Times’a verdiği bir açıklamada, “Finansal hizmetlerdeki hileli faaliyetler sonucunda zarar görenlerin durumundan dolayı üzgün olduklarını, ancak kurumun karakterizasyonunu kesinlikle reddettiklerini” belirtti. Rapor, 175 kişiden toplanan yazılı ifadelere dayanan ve iki buçuk yıl süren bir süreç sonucunda hazırlanan bir raporun Parlamento’ya sunulacağını gösteriyor. Rapor, FCA’nın “en iyi ihtimalle yetersiz, en kötü ihtimalle ise dürüst olmadığını” belirterek, eylemlerinin “yavaş ve yetersiz” olduğunu ve liderlerinin “belirsiz ve hesap verilemez” olduğunu ifade ediyor. Rapor, FCA’nın ihbarcılar tarafından sağlanan bilgileri doğru bir şekilde araştırmayı ve harekete geçmeyi başaramadığını, ve regülatör tarafından yapılan bir dönüşüm programının “işe yaramadığını” belirtiyor. Önerilen reformlar arasında, bazılarının yasal düzenlemeler gerektireceği şunlar bulunuyor: dürüstlük eksikliği için sıfır tolerans politikasının uygulanması, FCA’nın etkinliğini gözden geçirmek için bir denetim konseyi kurulması, FCA’nın finansman şeklinin değiştirilmesi, FCA’nın üst düzey liderlik ekibinin atama şeklinin yeniden yapılandırılması. Finansal hizmetler firmalarının tüketicilere ve küçük işletmelere kötü muamelede bulunduğu bir dizi skandalın ardından, FCA’nın “gecikerek veya hiçbir şey yapmadan” hileli faaliyetleri engellemekte yetersiz kaldığı belirtiliyor.
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Kaynak: www.bbc.com

A group of MPs and Peers have published a scathing report on the UK’s main financial regulator, the Financial Conduct Authority (FCA).

Describing it as “incompetent”, they say the FCA is “too often failing” to perform its functions and are calling for it to be overhauled.

The regulator has been heavily criticised by several independent reviews in recent years.

The FCA did not see the full report ahead of publication but a spokesperson told the Financial Times: “We sympathise with those who have lost out as a result of wrongdoing in financial services, however we strongly reject the characterisation of the organisation.”

“We have learned from historic issues and transformed as an organisation so we can deliver for consumers, the market and the wider economy,” it added.

The report, due to be presented in Parliament later on Tuesday, was put together by a cross-party interest group and is based on written testimony from 175 respondents collected over two and a half years.

They included whistleblowers, victims of scams and current and former employees of the regulator.

The report concluded the FCA was “incompetent at best, dishonest at worst”, that its actions were “slow and inadequate” and that its leaders were “opaque and unaccountable”.

It said the FCA had failed to properly investigate and act on information provided by whistleblowers and it said a transformation programme undertaken by the regulator had “not worked”.

The report was carried out by the All-Party Parliamentary Group on Investment Fraud and Fairer Financial Services, made up of 30 MPs and 14 members of the House of Lords.

Current and former FCA staff said the regulator had a “defective culture” in which “errors and inaction” were “too common”.

A former FCA employee told the parliamentary group they had experienced “the worst staff culture I have ever experienced in nearly 40 years”.

One current FCA staff member said they had tried to raise “serious and challenging questions” but they were “criticised, bullied and sidelined”.

Those who challenged a top-down “official line” on any given issue were “bullied and discriminated against, or even managed out”, said some current and former employees.

The suggested reforms – some of which will require legislation – include:

Introducing a no tolerance policy for a lack of integrity

Establishing a supervisory council to review the FCA’s effectiveness

Changing how the FCA is funded

Overhauling the way the FCA’s senior leadership team is appointed.

The report comes after a series of scandals in which financial services firms have been accused of mistreating consumers and small businesses, and the FCA has been “blamed for doing too little too late – or nothing” to prevent wrongdoing, said Bob Blackman, co-chair of the group.

MPs brand UK financial regulator ‘incompetent’

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