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Clause 30 - Power to take disciplinary measures against recognised bodies

Part of Financial Services Bill – in a Public Bill Committee at 3:45 pm on 8th March 2012.

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Photo of Mark Garnier Mark Garnier Conservative, Wyre Forest 3:45 pm, 8th March 2012

The hon. Gentleman makes a good point. Does he not agree, however, concerning exoneration, that part of the problem may be that the FCA could publish a disciplinary notice on its website and a retraction later, but the national media would make great hay out of a scandal with no follow-up in the same manner? Therefore the national press, rather than the FCA, would be at fault.