There will be short speeches and the formal handing in of petitions at key places along the route on the way to Parliament.
In essence, The Rally for Better Financial Regulation is a tremendous opportunity to protest about the Financial Conduct Authority’s chronic and catastrophic failure to provide an appropriate degree of consumer protection. We are going to be highlighting the fundamental issues that are causing the Financial Conduct Authority to consistently under-perform, namely: the revolving door problem, which leads to conflicts of interest, which leads to regulatory capture, which leads to widespread consumer detriment.
We will be campaigning for much greater scrutiny and accountability for the Financial Conduct Authority. We will also be campaigning for much greater pro-consumer representation because we believe that the Financial Conduct Authority’s Financial Services Consumer Panel is failing to hold the Financial Conduct Authority to account adequately.
The Rally is of strategic importance within the Transparency Task Force’s priorities for 2022, which are about focusing on helping to accelerate reform of the Financial Conduct Authority, as expressed in the meeting we ran on January 4th – the slides used can be accessed here and the recording of the event can be watched here.
The Rally is for anybody that wants to campaign for positive, progressive and purposeful reform of the Financial Conduct Authority in a civilised and constructive way, but it will be especially relevant to those that have suffered due to chronic and catastrophic regulatory failure at the Financial Conduct Authority (or its predecessor, the FSA), for example those that have lost money due to malpractice, malfeasance, misconduct, mis-selling, scams, fraud or financial crime at the hands of one or more of these organisations, enabled by poor regulation and/or poor regulatory enforcement: