AIFA chiefs have called for closer alignment between British and European regulation, and predicted further changes to the definition of independence.
Speaking at the organisation's annual dinner, chairman Lord Deben said AIFA continued to face challenges as a result of the changes in the UK and the increasing regulation coming from Europe. He added: "I have to say that I am favourably impressed in the attitudes to these issues by the EU. It seems to me they have in general a much broader brush concept, a much more sensible way of looking at these matters. "I'm afraid in Britain we do tend to go in for the bells and whistles and goldplating and the like in every area that we go into." He also said the role of the UK's regulators ...
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