Friday 13 January 2012
IMA: TREASURY COMMITTEE’S RECOMMENDATIONS ON THE FCA SHOULD ENSURE A FAIRER DEAL FOR CONSUMERS
Responding to the Treasury Committee’s report into the Financial Conduct Authority, Guy Sears, Director of Wholesale said:
“The recommendations of the Select Committee are eminently sensible. The messages are clear: the legislation must better frame the new powers and relationships; the regulator must be more effective and accountable; and industry must also step up and engage with the regulatory process.
“If that happens high standards of behaviour and well thought through regulation will indeed ensure that consumers are treated fairly.”
- ENDS -
Notes for Editors
Please click here for the Treasury Committee’s report.
Clare Murphy-McGreevey, Media Relations Manager, IMA, 020 7831 0898 or 07843 517618
Mona Patel, Head of Communications, IMA, 020 7831 0898 or 07834 089332
Christina Bridge, Press Assistant, IMA, 020 7831 0898
About the Investment Management Association
The IMA is the trade body for the UK's £4 trillion asset management industry. The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs. Our purpose is to support and promote a commercially successful and growing UK investment management industry as we seek to improve the financial outcomes for customers - savers and investors.