Wheatley 100 days in: FCA 'very different animal' to FSA

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.

Marking the 100th day since the birth of the new regulator, Wheatley told delegates at the Association of British Insurers Biennial Conference today that the FCA was on track to achieve what it had set out to do - become a new regulator. He said: "One of the questions I was most frequently asked 101 days ago was: ‘Is the FCA going to be genuinely different from the FSA?'. We understand why people reserved judgement - the FSA needed to change. "100 days later I think we are taking steps in the right direction. The FCA is in many areas a very different animal from the FSA. "We're not...