Lawmakers ask UK watchdog to explain scrapping of bank culture review

January 7, 2016 9:50 AM

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LONDON Jan 7 Top officials at Britain's Financial Conduct Authority have been called to appear before a panel of lawmakers to explain why the watchdog ditched a review of banking culture.

The review was part of the FCA's 2015 business plan but last month it was shelved, sparking concern among some lawmakers that the watchdog was under pressure from the government to soften its approach to banks.

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