Independent Review Criticizes SRA's Handling of SSB Group Collapse
The Solicitors Regulation Authority (SRA) failed to respond adequately to over 100 consumer reports during the SSB Group collapse, according to an independent review by the Legal Services Board (LSB).
The review, commissioned in April 2024, examined the SRA's handling of events leading up to the collapse.
- The SRA received over 100 reports from consumers, but failed to respond adequately.
- Independent reviews of the SRA's handling of the SSB Group and Axiom Ince collapses found similar failures to act adequately, effectively, and efficiently.
The lack of clear SRA leadership failed to protect consumers.
Author's summary: SRA failed to protect consumers due to lack of leadership.
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