Informed Choice chief executive Nick Bamford and chief executive of the Institute of Financial Planning Nick Cann give their verdict on yesterday's Financial Services Authority meeting on the future of regulation.
This week the FSA held a conference on the future 'Approach to Regulation' and philosophy of its successor the Financial Conduct Authority (FCA). Nick Bamford and Nick Cann give their verdict from the audience. Nick Bamford Chief executive, Informed Choice "It is dead easy to be the critic of the financial regulator but somewhat harder to get involved in the process of ensuring future regulator can make a better fist of it. The numbers for mis-selling costs are truly staggering, at about £1bn of consumer detriment for every year of financial services regulation. Another big fi...
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