The FCA has been warned that it is failing to give financial firms a clear idea of how to prepare for Brexit with fewer than a fifth of respondents to a survey saying it was doing a good job.
Only 14 per cent of more than 2,000 regulated businesses responding to the survey commissioned by the regulator on its recent performance said that the FCA was doing a good job of explaining its preparation work for Britain’s withdrawal from the EU.
By contrast, 33 per cent of respondents disagreed when asked whether the FCA was doing a good job on Brexit, while the majority, 53 per cent, were equivocal, saying they neither agreed nor disagreed.
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FCA and FCA Practitioner Panel survey
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