The head of the incoming Financial Conduct Authority (FCA) is set to outline how the new regulator will seek to restrict potentially harmful products from coming to market.
Martin Wheatley, chief executive designate of the FCA, which is set to be one of the Financial Services Authority's (FSA's) replacement bodies next year, will reveal on Tuesday how the new regulator will make product interventions. The FCA will take on conduct, enforcement and consumer protection operations when the FSA is scrapped next year. Wheatley (pictured) has previously said the FCA may have the power to ban certain types of products for up to a year without having to consult. Addressing a British Bankers' Association event earlier in 2012, Wheatley explained how a ban is on...
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