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City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms
The UK’s financial watchdog came under “political pressure” to welcome crypto firms into the British market, its former chairman has said. Charles Randell, who stepped down as chairman of the Financial Conduct Authority (FCA) in the spring, said it was an example of the kind of influence that elected politicians have tried to exert on independent regulators. “In the context of crypto, in my experience as FCA chair, was that there was a lot of political pressure to welcome firms, some of which are now under criminal investigation by the US Department of Justice. And all the evidence that we had at the FCA was ... (full story)
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- Posted: Sep 19, 2023 12:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 50
