Guidance confirmation will deter FSA critics

In its response to the FSA’s discussion paper, AMI says its members have raised concerns FSA confirmation of industry guidance could change the relationship between the trade body and the regulator. It states: “Currently, we are free to engage and, if need be, constructively criticise the regulator. What might happen to this relationship if a trade body needed to gain FSA’s support for industry guidance? Would this hinder the ability of the trade body to criticise?” AMI says it does not support the proposed process because it believes it does not sit well with the regulator’s approach...