The effectiveness of the Financial Conduct Authority's (FCA) consumer protection agenda has been called into question after it was suggested firms were looking for ways around the rules.
Small firms have seen improvements in the way the Financial Conduct Authority (FCA) communicates with them and said the regulator's approach has become "increasingly proactive, proportionate and predictable", according to a far reaching survey.
Yorkshire Building Society chief executive Iain Cornish has been appointed chairman of the 12-member Financial Services Practitioner Panel (FSPP).
The Financial Services Practitioner Panel has warned the FSA not to disrupt the current distribution system without proposing a "viable alternative".
Small firms continue to feel frustrated by the constant change and uncertainty created by the Financial Services Authority, says the Financial Services Practitioner Panel.
Over 10,000 firms are being asked for feedback on the performance of the Financial Services Authority.
The Financial Services Practitioner Panel is launching the first stage of its 2006 survey of regulated firms to obtain an industry assessment of the Financial Services Authority (FSA).
Roy Leighton has been appointed chairman of the Financial Services Practitioner Panel, taking over from Jonathan Bloomer who assumes the role of deputy chairman.