Article summary
MLex: The UK's financial services regulator is under relentless pressure to cut red tape and think of ways to lighten the regulatory burden to help grow the economy. But it's hampered by government unwillingness to steer what it does, or, crucially, how much risk it can take. The Financial Conduct Authority (FCA) is taking incremental steps that could grow the industry and even feed into the wider economy, but radical change is unlikely.
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