Regulators
ARGA could face delay due to slow appointments, FRC chair warns
The council recently published its annual report and accounts in which Skeoch shared his concerns that due to it being without a permanent chair since May 2020, it will ‘leave gaps’ in the governance structure and may create delays in the board reform and its transformation process.
The Financial Reporting Council’s (FRC) interim chair Keith Skeoch, has expressed there is a “grave risk” that the slow pace in appointing board members to the new regulator, The Audit, Reporting and Governance Authority (ARGA) could result in delays to its formation.
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