FRC comment on Sir John Kingman's independent review of the Financial Reporting Council
18 December 2018
Commenting on Sir John Kingman's independent review of the Financial Reporting Council, FRC Chairman, Sir Win Bischoff, said:
“When this independent review of the FRC was established by the Department for Business Enterprise and Industrial Strategy, its purpose was to put the ‘FRC in a position to stand as a beacon for the best in governance, transparency and independence; strengthening its position and reputation’.
“Sir John has carried out a thorough review and consulted numerous organisations and individuals. He has addressed the gaps in our powers that have been identified and set a course for a stronger, new regulator to emerge from the FRC.
“We welcome Sir John’s recommendations. They have the potential to bring about significant improvements to the work we do in protecting the interests of investors and the wider public. We look forward to playing our part to ensure his review is implemented speedily.”