Monday, February 15, 2010

FTAdviser.com - FSA reveals less productive ombudsman increased costs

FTAdviser.com - FSA reveals less productive ombudsman increased costs: "The regulator said: 'A fall in productivity combined with an increase in staff numbers has resulted in a rise in the Fos' unit costs - total costs, excluding financing, divided by the number of case closures.'"


Time for an urgent overhaul of regulation, it is a complete shambles.

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