An FSA spokesman said the regulator would "consider the report's findings and recommendations in detail", adding the FSA had put in place "a completely new model of supervision since the financial crisis".
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Turning wet and windy from the west overnight.
The former shadow business secretary Clive Lewis made the comments at an event backed by Momentum.
Look up to the sky this weekend, and you might catch sight of one of the greatest natural spectacles of the year: The Orionid meteor shower.