Financial Services Authority to tighten watch on rogue products - Times Online: "The aim would be to identify problem products much earlier, Lord Turner said, instead of taking the more common route of addressing consumer complaints after the event and ordering large compensation payments to mistreated customers."
Dear FSA
If you had been scrutinising "the marketing and distribution of products" at the banks, insurers and investment companies instead of concentrating every waking hour on IFAs we might have seen fewer "consumer scandals".
If indeed this is a sea-change I hope the regulatory supertanker employs people who know what they are looking for because they have been working at the coal face since before 'regulation' came along two and a half decades ago...just think, 25 years of regulation and consumers have nothing to show for it while the regulator grows like Topsy and the regulated dwindle away.
Regulation is bust.
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