The FSA may have helped out small firms during its first year as regulator, but those same firms had better start complying - or face the consequences, Andrew Honey tells Johanna Gornitzki
Bearing in mind that many advisers see regulation as a necessary evil that at best equals more paperwork, and at worst means the death of their business, there can only be one reason why anyone would choose to spend two decades of their life dealing with this subject – genuine passion. For Andrew Honey, head of department at the Financial Services Authority's (FSA) small firms division, this certainly rings true. Transformation Fresh from university, Honey joined the Bank of England in 1986, working in the field of regulation, and he has not looked back. Now working for the FSA, he is ...
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