Entering an era of hard-line regulation

The days of light-touch regulation are over, says FSA head

Anyone who has not been living on a desert island for the past month will realise by now that the regulation and supervision of financial services firms is going to be tightened up considerably on a global basis. This was confirmed in the UK this week by Lord Turner’s warning that the age of light-touch regulation is over, and the hearings scheduled in Washington, DC next week to discuss future US financial market regulation demonstrate politicians in the US are just as determined to ensure the

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