FSA chief executive Hector Sants was forced to defend the regulator's record on Iran after senior US officials urged it to take action against London-based Iranian banks suspected of financing nuclear programmes, cables released by WikiLeaks show.
The Consumer Protection and Markets Agency (CPMS) must have a "lower risk tolerance" than the FSA, Hector Sants said today.
Chancellor George Osborne has been asked to produce the "body of evidence" supporters of the RDR claim justify the regulatory overhaul.
One group certainly took the advice I offered last month about doing more to connect with MPs and Parliament and it has paid off already.
The FSA has secured winding-up orders from the High Court against two unauthorised UK firms operating a collective investment scheme.
L&G is giving advisers the chance to quiz a panel of experts on the impact of regulatory changes to the platform market in a live debate at 2pm today.
Parmenion's Patrick Ingram discusses the steps advisers need to take to cope with the RDR's impact on the cash flow of their business.
Paul Pettitt, managing director of Origo, says investing in technology is critical to survival in the market.
Dennis Hall, managing director of Yellowtail Financial Planning, reveals how putting RDR preparation top of his agenda when he first launched his business has stood him in good stead.
At the time of my leader going to press last week, the RDR debate was yet to come.