APPG on Fair Business Banking says current regulatory framework is inadequate and calls for public enquiry

The All -Party Parliamentary Group (APPG) on Fair Business Banking has published a letter from its co-chair, Kevin Hollinrake MP, to Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA). The letter sets out a range of general concerns about what the APPG describes as the inadequacy of the current regulatory framework for financial services. It also calls for a public enquiry which would aim to produce a full set of industry standard for treatment of businesses in turnaround units in financial institutions.

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