SSB Collapse: Independent Review Finds SRA Leadership Failings
The Solicitors Regulation Authority (SRA) failed to respond adequately to over 100 consumer reports during the SSB Group collapse, an independent review by the Legal Services Board (LSB) found.
The LSB, England and Wales' legal services oversight regulator, commissioned the review in April 2024 after the SSB Group collapse.
- Within 12 months, two independent reviews criticized the SRA's handling of the SSB Group and Axiom Ince cases.
- The reviews found the SRA failed to act adequately, effectively, and efficiently in both instances.
No clear quote available in the text.
Author's summary: SRA failed to protect consumers due to lack of leadership.