UK financial regulator slammed for failed tech transformation

UK politicians have slammed the nation's financial regulator for failing to implement a transformation program underpinned by technology. Witnesses asked about the Financial Conduct Authority's transformation program reached "near unanimity" that it was ineffective, according to a report from an All-Party Parliamentary Group ( …

[Doctor Syntax]

"We have learned from historic issues and transformed as an organization so we can deliver for consumers, the market and the wider economy."

It sounds like they have a strong reality distortion field.

[Anonymous Coward]

.. or consume more alcohol than No 10 during a pandemic.

[nematoad]

Say what?

...ran them for 14 hours a day in an office environment.

Who's running the FCA?

That geezer Murthy who keeps banging on about working till you drop?

We are talking about quasi civil servants here. They must be working shifts if that is true.

[jokerscrowbar]

Re: Say what?

Was wondering about that and the strange fan grinding phenomena. Unless that’s Blobspeak for Only Fans and Grindr 14 hours a day.

Fallen (off the) Cistern Again

Fapping Constantly Actually

[Vestas]

FCA is corrupt or incompetent

Take your pick.

The CPS (when it finally gets off its padded arses) will of course decline to prosecute anything criminal and the FCA is immune from ALL civil cases. You literally cannot bring a legal case against them unless its a criminal case.

So the "news" that they're just as corrupt/incompetent on IT matters isn't news of any kind.

[gv]

Re: FCA is corrupt or incompetent

The "Fundamentally Complicit Authority" as Private Eye has dubbed them.

[Anonymous Coward]

The FCA Smokescreen

A regulator that is funded by the financial organisations it’s supposed to be regulating and is run by former employees of those financial organisations.

The whole thing stinks!