Islanders deserve the same basic rights as anyone else in the UK — and I will keep making that point with companies and governments for as long as it is necessary.
Stressing the rights of island residents.
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While they are in Scotland the FCA would do well to reflect upon their failings in the Midas fraud. They ignored the warnings and everyday people lost out as a result.
The ask to the FCA is simple: compensate the fees of the victims of Midas who pursued legal action and lost out as a result.
I would be “cautious” of making any significant changes, “imperfect” though the current system is.
The FCA may claim that they are immune from accountability but they have a statutory obligation to uphold confidence in the UK financial sector.
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