AIFA says govt likely to pass long-stop issue to regulator

With the House of Lords set to resume debate on the Financial Services Bill on 8 October, the trade body has confirmed it expects an amendment to be put forward, proposing the reintroduction of the long-stop. However, Chris Hannant, policy director at AIFA, suggested that, even if the amendment was to make it through the Upper House, government opposition is likely to prevent it from being included in the final bill. "It has been discussed with the Treasury and they have largely said it is a matter for the regulator. "It is important that it is debated but the government has got a ...