25 signatures reached
To: Georgina Philippou, Financial Conduct Authority
Revoke bank licences to operate
Evidence of wrongdoing among banks based in UK continues to hit the headlines, and be the subject of huge fines. It's time for the FCA to show it means business on behalf of consumers and investors, who, at the end of the day, pay for this through interest on debt issued by these failing organisations.
Why is this important?
Clearly all the promises from senior management in banks that mistakes will not be repeated, that lessons have been learned, etc have been empty ones. How many more scandals must we endure? Why do we continue to reward failure among those that employ highly paid personnel by allowing them to continue to operate and fail again? Organisations breaching laws, such as those related to health & safety, can be closed down and directors held accountable: time for those who contravene legislation in the financial sector to face similar penalties.
