FT.com / FTfm / Regulation and governance - Calling on Joe Public to help fix regulatory system: "The UK’s Financial Services Authority takes the biscuit in this respect, with 11 of 13 board members coming from the financial services industry."
Mick McAteer needs to consider that ALL, yes I did say ALL, the FSA Board members are appointed by HM Treasury so any representations he makes should be aimed at the government rather than the financial services industry which has NO say in how supervision should work.
We have had over two decades of regulatory tome and we are numb after the barrage of legislation, enough is enough. It is time for someone to listen to people who have some good ideas rather than a need to protect a fancy salary.
Evan Owen
The IFA Defence Union
www.ifadu.co.uk
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