The UK Financial Conduct Authority and the Financial Ombudsman Service have launched CP26/9, “Modernising the Redress System”, presenting it as a package designed to improve predictability, transparency and early intervention in consumer redress. The FCA says the aim is to create a smoother system for consumers while giving firms greater
The European Union has reached a political agreement on its long-awaited Retail Investment Strategy (RIS), a reform package aimed at encouraging retail participation in capital markets and improving consumer protection. Yet, the final compromise reveals a familiar pattern: the European financial lobby has once again succeeded in neutralising the most
Report on the Call for Evidence about The Financial Conduct Authority The UK Financial Conduct Authority (FCA) has been exposed as a deeply flawed institution in a recent report by the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services. This investigation highlights systemic incompetence, alarming treatment of
Legal purpose of Financial Ombudsmen in Europe! According to Directive 2013/11/EU of the European Parliament and of the Council of 21 May 2013 on Alternative Dispute Resolution for consumer disputes and amending Regulation (EC) No 2006/2004 and Directive 2009/22/EC Alternative Dispute Resolution (ADR) like the Danish Financial Complaint Board are
