Small retail firms being watched - FSA

Speaking at a conference for financial advisers, Stephen Bland, director of small firms, warned a misconception small retail firms could escape the FSA's attention was wrong and risked tarnishing the industry. The FSA's risk-based approach to regulation enables it to supervise a large number of small firms effectively and assists the regulator to take appropriate action against firms who pose a significant risk to consumers, he says. "We are sending a very clear message that small retail firms are not under the radar. Our regulatory approach is based on giving help to firms who run th...