Editorial: FSA takes power

Editorial: FSA takes power

Richard Jory
Richard Jory, Editor of Structured Products

The fear that financial regulators would finally blow their top and grant themselves far-reaching powers has proved well founded. No sooner had the European Commission finished drafting a consultation paper that included such powers than the UK Financial Services Authority (FSA) promptly followed suit. The FSA opened a consultation on January 25 that proposes granting one of its successors - the Consumer Protection and Markets Authority (CPMA) - a remit to intervene in and investigate investment