Growth and regulation in the age of populism: the Financial Conduct Authority’s challenge in getting regulation right
Many explanations for the rise of populism date its modern incarnation back to the Great Financial Crisis, when arguably a period of deregulation triggered risk taking that brought the global financial system crashing down. But equally, it will be hard to foster faster growth unless the UK’s financial services grow faster and more effectively serve their purpose. So how does the regulator in the middle, the Financial Conduct Authority, get the balance right between consumer rights and enabling innovation?