With some 200 submissions received by the Treasury Select Committee (TSC) this month, the RDR looks far from being a fait accompli.
The official line in favour of the RDR held by the FSA, and agreed with by many in the financial services industry, is well known. Largely, the submissions to the TSC question this official line and the ‘self-evident truths’. MPs on the TSC do not want to, and cannot, scrap the RDR. But like many of you, they believe greater scrutiny of the reasons for, and consequences of, such far-reaching regulation is right and necessary. These are the unanswered questions which you want MPs to force the FSA to address in an open and public forum at a TSC hearing: Would the courts judge gran...
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