Nigel Farage slams City watchdog for its ‘whitewash’ probe that found no proof of de-banking fears
NIGEL Farage has blasted the City watchdog for its “whitewash” probe that found no proof of de-banking fears.
The Brexiteer condemned the Financial Conduct Authority after it found no single account had been closed over personal beliefs.
Mr Farage had been told his account with Coutts, which is owned by NatWest, would be shut as his views were “at odds” with the private bank.
The ex-Ukip leader said: “The FCA says it finds no evidence of politicians being ‘de-banked’ over political views.
“This new report is a whitewash and a joke.”
He added: “If we don’t have a regulator that is fit for purpose, what hope is there for our banking industry?”
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Mr Farage called for sackings at the FCA, after they sought information from 34 banking organisations to inform their report.
It is understood the regulator didn’t consider his case as it wasn’t within the time period looked at by the probe.
Tory MP Danny Kruger said the findings raised “serious questions” about the FCA.
The regulator’s Sarah Pritchard said the probe gave “preliminary insights” and that the FCA will keep investigating.
