A report being published today by the Parliamentary Ombudsman will reveal that the Financial Service...
A report being published today by the Parliamentary Ombudsman will reveal that the Financial Services Authority is to be cleared of blame over the Equitable affair, reports this morning's FT. But harsh words about the regulator's status suggest it is more because the FSA has no powers to be of help to consumers as the FT reports "investors should not put too much faith in the ability of regulators to protect them from harm". Leaked information suggests Parliamentary Ombudsman Ann Abraham will point out a fundamental "mismatch" between public expectations of the regulator's role an...
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