Financial Conduct Authority  

FCA supervision chief warns on 'unsustainable' FSCS levy

Tackling scams was also high on the agenda as millions of pounds are being lost to scams each year.  

She added: “Too many people fall victim to scams and this has gotten worse in the pandemic.” 

She also addressed criticism the regulator faced over its handling of the London Capital & Finance (LC&F) investment scandal. 

Gupta said: “We as a regulator have got to up our game. The regulator has made progress and has procedures in place to address this.” 

Aamina Zafar is a freelance reporter for FTAdviser