Regulations out of step with net

Financial services could miss out on the benefits of the internet unless regulation keeps pace with the online revolution, according to PriceWaterhouseCoopers. The UK consultant has issued a report looking at factors surrounding the development of financial services on the internet, which is expected to be one of the sectors most impacted by the new medium. The report, entitled Protect & Survive and released on 24 July, warns that the failure of regulators to keep up with advances in online technology could stifle the unprecedented opportunities for innovation, competition and growth pres...