Blog: How can you regulate software?

After the fall-out from the FSA’s recent platform policy paper, CWC Research’s Clive Waller warns the regulator is not concerned enough about consumer outcomes

clock

After the fall-out from the FSA's recent platform policy paper, CWC Research's Clive Waller warns the regulator is not concerned enough about consumer outcomes.

I have always been of the view that you cannot regulate a piece of software, especially in an industry where the value chain has been fragmenting so rapidly. It was only last autumn at the excellent Platforum conference that Andrew Fisher caused amusement by suggesting that there would be only three global platform providers and they would charge only 10bps. That may be wishful thinking, yet we are already seeing global players laying out their plans. The challenge posed by the big boys to local players is that they can play the scale game. Moreover, they are not concerned with brand....

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

Trade bodies call for chancellor to stop FCA public enforcement

Trade bodies call for chancellor to stop FCA public enforcement

‘Proposals to publicise investigations are a worrying development’

Isabel Baxter
clock 29 April 2024 • 2 min read
SDR extension plans will ensure 'uniform standard' for portfolios

SDR extension plans will ensure 'uniform standard' for portfolios

'Retail-focused firms are also facing a short timeline to prepare'

Cristian Angeloni
clock 24 April 2024 • 4 min read
FCA proposes advisers and platforms 'must' communicate SDR labels

FCA proposes advisers and platforms 'must' communicate SDR labels

Distributors also must provide access to consumer-facing disclosures

Isabel Baxter
clock 23 April 2024 • 1 min read