Sesame Bankhall slams "intrusive" FSA | News | Money Marketing
Comment copied from elsewhere:
He said: “We have an intrusive regulator that has been criticised, broken up and rebadged; a regulator accused of failing in its duties when needed most.”
Hoban takes advice from a string of bankers, advisers to bankers and former FSA officials.
The word is "rebadged" and just look at how the old school is designing the new school.
His nine strong team includes:
Michael Foot, former FSA managing director;
Carol Sergeant, chief risk director at Lloyds Banking Group; and
Nick Prettejohn, former Prudential UK chief executive.
Davide Taliente, partner at Oliver Wyman,
Simon McGuire, former vice chairman of UBS's investment banking division,
Jonathan Herbert, former head of European law at the FSA
Amanda Harvie former chief executive of Scottish Financial Enterprise,
Teresa Perchard, director of public policy for Citizens Advice; and
John Tattersall former chairman of financial services regulatory practice at PwC.
NB: Foot, Sergeant and Herbert are all ex FSA, Tattershall is the former boss at PWC when Hoban and Chris Cummings were both there, Sergent, Taliente and McGuire either bankers or advise bankers.
This is a small club and guess who’s not in it – the IFA! The sum total of this groups reads to me like a pro RDR, FSA and banking club.
NOW DO YOU UNDERSTAND WHY THEY WANT TO KILL THE IFA OFF?
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No idea who compiled this list, I only know the first one and he is bad enough, ask the IFAs who have met him.
Regulation is bust because the same people redesign the same wheel over and over again, the crises get bigger and bigger.
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