FSA's RDR data built on hills of sand Opinion Money Marketing
If you poke a snake it strikes back. What we are dealing with here is the leftovers of the New Labour administration which didn't take kindly to the converyor belt of criticism and their answer was to eradicate the source which was the likes of myself and before that Garry Heath. For my sins I now look at things dispassionately, not as a regulator, not as the regulated and not as a consumer but as an observer and the view from here is quite stunning at times. The FSA is about to be split in two, that may be a good thing if the CPMA is a much better supervisor and pots 'trends'.
I can see where the FSA (via HMT policymakers) was coming from with the RDR, albeit in part, but making more and more rules is not the solution to problems caused by ineffective supervision.
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