The Financial Services Authority, which the FCA will replace, has published a document called "Journey to the FCA".

BBC: Martin Wheatley

Richard Murphy FCA FRSA is a U.K. chartered accountant, former serial entrepreneur and is currently director of Tax Research U.K. He has been a visiting fellow at several U.K. universities and now works mainly on tax and economic policy issues for a wide range of organizations including the U.K. Trade Union Congress and the Tax Justice Network.

FORBES: Opinion

The figures have been revealed after the city regulator, the Financial Conduct Authority (FCA), issued a warning about interest-only mortgages.

BBC: Interest-only mortgage shortfall 'big problem' for NI