TSC v FSA: Regulator could re-examine long-stop

In today's TSC public evidence hearing, Sants said he has "sympathy" with advisers calling for the reintroduction of an industry long-stop and said the regulator will examine the issue again. "I have sympathy with the argument," he said. "If the committee recommends we take another look we might do so." The FSA chief executive said when the issue was last examined in 2007 there was a lack of "compelling evidence" to force a rethink but admitted the lack of a long-stop is a source of grievance for small firms. "This is an interesting area - not necessarily specific to RDR - but abou...