PA360: Regulatory 'conveyor belt' risks overloading industry

CEO Panel

Jenna Brown
clock • 2 min read

The Financial Conduct Authority (FCA) appears to be “making up for lost time” and pushing out a series of consultations in very quick succession, delegates at PA360 heard.

Speaking during the opening CEO Panel at the conference on Wednesday 27 April Neil Stevens, joint CEO at Fintel, said while the regulator should be supported in its aims to protect consumers regulation "conveyer belting" was not the right answer. "In its eagerness to make up for lost time, the regulator may be conveyer belting. You can't argue with the aims of fair value for consumers but you do not always get there by smashing out regulation in quick succession." Mark Scanlan, CEO at Tenet, said his firm had 14 regulatory-related projects going on at present. He said: "We are chal...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Is financial services regulation really the 'boot on the neck' of business?

Is financial services regulation really the 'boot on the neck' of business?

'For those yet to fully embrace Consumer Duty it is simply wishful thinking'

Andrew Gething
clock 19 September 2025 • 5 min read
FCA considers softer SDR rules for index-tracking funds

FCA considers softer SDR rules for index-tracking funds

Amid ‘challenging’ requirements

Cristian Angeloni
clock 16 September 2025 • 1 min read
FCA: Consumer investment product disclosure system 'not working'

FCA: Consumer investment product disclosure system 'not working'

FCA rules are expected in late 2025

Michael Nelson
clock 11 September 2025 • 2 min read