Bob Blackman

Bob Blackman

Conservative — Harrow East

Speaking in the House of Commons on 3 December 2024

Debate

Financial Conduct Authority

Contribution

The FCA has been completely defensive in response to the report. Since the historical elements quoted by the FCA, 13 major scandals have erupted. I will not intrude on your time, Mr Speaker, because I am sure that you would not want me to list them all, but Woodford Equity, car finance and others have come to light since the details came out. Clearly, there is a need to fundamentally reform the FCA so that victims of scandals are properly compensated and the industry is properly regulated in the way that we would all like to see.

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