Thread by @Carlier_J87

It's more than @TheFCA 'failures'. Time & again we've exposed dishonesty & criminal concealment by FCA both independently & in collusion with banks & firms. LIBOR & FX - FCA independently & in collusion with banks dishonestly concealed true extent & their awareness of it...

https://twitter.com/True_and_FairUK/status/1288082336836354048

FCA in a recorded interview with me confirm they were aware of Lloyds Bank pattern of abuse of whistleblowers. FCA did nothing but dishonestly conceal their awareness of this abuse, because the whistleblowers disclosures had also inadvertently implicated or exposed the FCA.....

FCA approved the promotion and marketing of the Blackmore Bond in May 2017, despite my reports to them two months earlier that pensioners were being targeted, client sophistication was being falsified & they were guaranteeing 9%+ annual returns with principal also guaranteed....

@TheFCA told me FX fraud by LBG was outside FCA jurisdiction. I took the evidence to @CityPoliceFraud COLP opened a file & were going to investigate UNTIL FCA intervened to prevent it. An investigation that would have revealed FCA had approved LBG criminal FX Mark ups practise...

Let's be clear here. FX was unregulated and according to them beyond their jurisdiction, but still the @TheFCA was able to prevent CoLP from launching their criminal investigation. Yet they claim their hands are tied in respect to mini bonds??

How about the FCA's 'handling' of RBS GRG. The @TheFCA didn't just provide a poor summary of the Promontory 166 report, they made knowingly false representations in respect to its findings. Yet the FCA has faced no sanctions or investigation.

The FCA this year published findings against Lloyds for poor treatment of mortgage customers. It confirms that they were aware of this abuse of customers as early as 2013 and that it was ongoing in 2015, but colluded with the FOS in 2018 to deny a complaint on this very issue...

The FCA in 2018 had claimed in this case that they could not get involved in individual cases. WHEREAS, this report proves that a) they knew every aspect of the complaint was 100% consistent with the misconduct and b) that there were over 500,000 victims...

Incredibly, when hard evidence was presented to the FCA & FOS to prove that the bank had lied, falsified and witheld data, the FCA ignored it and the FOS said "We dismiss this case in its entirety without consideration of its merits". The FCA were ok with that....

Furthermore, the FCA colluded with Lloyds so as to enable them to limit the compensation they had to pay for this mistreatment of 500,000+ customers to just £300mio. That's about £600 each. WHEREAS, true damage per customer is approx £300 per month for up to 10 years....

The mortgage customer case I mentioned... They had arrears of over £35,000 as a result of the fraud by LBG, and LBG had added, wait for it, over £75,000 in legal costs to the customers mortgage account. The FCA & LBG redress scheme offered them £350 compensation.....

However, when they secured legal representation & lawyers produced draft particulars that represented the same basis of complaint & evidence that we had presented to LBG, FCA & FOS, then LBG settled and wiped out all arrears and costs. Proving they knew they were wrong all along.

The @TheFCA and @financialombuds are not guilty of mere 'failings', they are guilty of dishonesty, concealment and criminality.