FSA reveals regulatory mission
FCA's Martin Wheatley says the FSA's power to ban investment products will not be used lightly or without good reason, tempering some of the statements emerging from the UK regulator over the past year
The UK Financial Services Authority (FSA) outlined the nature and style of its regulatory mission in a speech to the British Bankers Association in London on January 25. Martin Wheatley, newly ensconced at the helm of the Financial Conduct Authority (FCA), explained the move away "from a reliance on orthodoxies that have failed" and "the cultural change that is needed in firms and at the regulator, and [the need to] look at how the new model may work in practice – in particular how new powers
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