FSA prioritises op risk

REGULATORY UPDATE

"As we all know, conflicts of interest are embedded in the financial services industry," said Huertas. "Clearly, banks do not need to eliminate conflicts, but they do need to manage them, and they must not abuse them." One of the key conflicts the FSA is focusing on at the moment is mis-selling, so at the end of March, it intends to produce a consultation paper outlining exactly which products and services can be bought for a commission. The regulator is also reviewing how a sample of firms

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