FSA post-crisis clampdown will hurt UK, senior execs warn

Interim Partners, which provides interim managers to the private sector, quizzed 169 financial services staff working just below board level across the insurance, banking and compliance sectors. A third said they thought the FSA's regulatory clampdown was now harming the UK's competitiveness, as international business centres like New York and Singapore compete to house the same institutions as London. Most directors (40%) branded the need for the FSA to authorise business plans and key personnel the biggest cost on businesses for the lowest returns in consumer protection, criminal de...