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A transparent selection process for the selection of the Financial Conduct Authority’s (FCA) next chair is vital to avoid perceived conflicts of interest in the regulator’s leadership in recent years, a lobby group says.
'This crucial role cannot go to another conflicted City insider'
HM Treasury’s regulatory roadmap towards tackling greenwashing will likely reinvigorate the asset management industry from an “ESG and responsible investment coma,” according to industry commentators and legal experts, who have reacted to the report with a “mix of excitement and cautious optimism”.
The Transparency Task Force (TTF) has sent an open letter to chancellor Rishi Sunak. The co-signatories are urging Treasury to work with TTF as well as other financial services consumer and whisteblower advocates.
In May this year, the Financial Conduct Authority sets out plans for a new Consumer Duty designed to create a higher level of consumer protection in retail financial markets.