FSA reveals regulatory mission

Walking the talk

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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