Blog: Like it or not, the FSA is the world's lead regulator

At the beginning of July, I was part of a working group that met in London. The meeting consisted of attendees from the UK, Canada, Australia, South Africa and the US. As you would expect, this gave us ample opportunity to test Churchill’s theory of ‘being divided by a single language’. The objective was to explore how we could draft a professional framework for the Financial Planning Standards Board (FPSB). While the detail is, of course, confidential, and is currently being reviewed by the FPSB, there are a number of general observations I can make. Firstly, the FSA is regarde...