People should be very frightened of the FSA

Fear is a good deterrent for individuals – but, will it work for large corporations?  I don’t know, but for sure the UK FSA believes in fear. Financial Services Authority (FSA) chief executive Hector Sants pledged in a confrontational speech last week that the UK regulator would be far more “intrusive and direct” in its supervision of UK firms from now on. See the article in Op Risk and Compliance for more.

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