FSA should be more responsive - Tiner

While speaking at the Securities and Investment Institute’s (SII) annual conference in London, Tiner admitted there are issues to address over the FSA’s move towards a principles rather than prescriptive approach to regulation, and a lack of consistency in the application of its rules. In his speech entitled Better Regulation: objective or oxymoron, Tiner said at the moment there is a “rather unsatisfactory hybrid of high level principles with very detailed rules sitting underneath”, and although he said it would not be possible to get away from this entirely, it should be possible to tip...