Can you see a change in focus for the FSA's replacement, following its renaming to the Financial Conduct Authority (FCA), rather than the previously suggested Consumer Protection and Markets Authority (CPMA)?
Peter Le Beau, Protection Review William Shakespeare asked “What’s in a name?” in Romeo and Juliet, and then crafted an elegant analogy to a rose. It is harder to find any elegance in the name or function of the financial regulator. The old name (an old name for an organisation that has yet to come into existence seems a bit weird!) emphasised the primary purpose was to be the protection of consumers. Now it has switched to an emphasis on conduct of business. It is hard to argue with this as a mandate for a regulator. I have some sympathy for regulators (no, really) in that thei...
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