FCA Seen as 'Incompetent' and Rare Coins

A new report about the UK’s main financial regulator was published this week, concluding the Financial Conduct Authority is "seen as incompetent at best, dishonest at worst." The report was put together by the All Party Parliamentary Group for Investment Fraud and Fairer Financial Services, which is made up of cross-party MPs and members of the House of Lords. They spoke to victims of financial scandals who lost money in frauds and heard testimony from people who worked, and some who still do work, for the organisation. The FCA has said it sympathises with those who have lost out as a result of wrongdoing in financial services, however it strongly rejects the characterisation of the organisation. We'll hear from the co-author of the report and, in his first interview since its publication, we'll speak to Nikhil Rathi, the Chief Executive of the Financial Conduct Authority.What deals can people expect if they’re re-mortgaging their homes over the next 6 months?  We'll hear from listeners affected and get some advice from a mortgage broker.And, the 9 year old coin collector who has found a special £2 coin and wants to know whether to spend it or save it.Presenter: Felicity Hannah
Reporter: Dan Whitworth
Researcher: Emma Smith
Editor: Jess Quayle(First broadcast 12pm Saturday 30th November 2024)