Schroders: Safety-first rules stifle City competitive edge
Daily Express|July 12, 2024
THE boss of Schroders has called on the Financial Conduct Authority to separate more clearly its consumer protection powers from its duty to enhance the competitiveness of the City.
Charlie Conchie
Schroders: Safety-first rules stifle City competitive edge

Peter Harrison also issued a rallying cry to end "safetyism" in financial regulation. The outgoing boss of the FTSE 100 asset manager said investors had been forced to avoid risk by City watchdogs and British markets were starved of capital as a result.

Mr Harrison's comments at the City AM Summit in London yesterday came after criticism from the former Tory Government towards the FCA.

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