FAMR: 'A litany of missed opportunity'

I was optimistic about FAMR. After years of sitting through tedious debates on the precise meaning of seemingly innocuous terms in the Financial Conduct Authority (FCA) handbook and watching genuinely useful ideas founder on the perilous rocks of COBS, I really thought HM Treasury would sail to the rescue. With a direct line to the Chancellor I was confident they would see the fundamental mismatch between a new world order founded on personal freedom and responsibility and a paternalistic regulator created in another era. In fact, I blogged on this very topic not long ago predictin...