Here we go again

There are interesting times over at the FSA at the moment with the Turner Report essentially announcing wholesale reforms to the way it regulates the banks. No actual details, you understand, just a list of uncertainties. The regulator will be looking at 'macro economic imbalances, financial innovation of little scale and important deficiencies in key bank capital and liquidity regulations'. While this has little impact on the life of an adviser, it will be a massive job for the FSA and comes at a time when it is employing around 260 more inspectors. These will no doubt be recruited from ...