There is no mention of "confidence" in the Financial Services Act (1986).

Nor does it mention "role" which occurs 73 times in the consultation. But there can be the wrong people in the right role, for example from the December 2000 debate about Equitable Life:

"The insurance directorate gave a clear signal of the danger of insolvency, and the need for urgent and major action. We must ask why the FSA did not act. It took action to strengthen reserves, but why did it not act commensurately with the scale of the problem that had already been identified?"

www.publications.parliament.uk/pa/cm200001/cmhansrd/vo001219...

It was their role to act, but they did not because they are the wrong people.