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Urgent Reform Of PCC Is Needed Click the link below to SUBSCRIBE to the 'News of the World Phone Hacking' YouTube channel @ http://www.youtube.com/subscription_center?annotation_id=annotation_732456&add_user=NOTWPhoneHacking&feature=iv For upto date news on the hacking scandal, follow me on Twitter @ http://twitter.com/#!/NOTW_Hack_News Urgent reform of the Press Complaints Commission is needed, the chairman of the body which funds it has said. Lord Black told the Leveson Inquiry that after the phone hacking scandal, he became aware of the regulatory system's lack of investigative powers. The ex-PCC director, chairs the Board of Finance which collects levies from newspapers to fund the PCC. He said he had always opposed imposing fines on newspapers, as "a matter of principle", but now believed "some form of fining system would be appropriate." Thanks to the BBC 1st February 2012