Senior IA adviser labels PRIIPs 'worst piece of financial regulation ever'
Warland: "Heads should roll in the FCA."
Philip Warland, a senior adviser at the Investment Association, has waded into the furore over the publication of what have described as 'misleading' performance scenarios in PRIIPs KID documents, lambasting the Financial Conduct Authority (FCA) and other European regulators for "the worst piece of financial regulation ever in Europe".
Warland, who is also former director general of the Investment Management Association - the IA's predecessor - and more recently head of public policy at Fidelity International, accused the regulators...
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