The grass is greener?
Hector Sants recently warned that the FSA's new firmer approach is something to be feared. But how does the UK's regulator model compare to what our EU counterparts have to contend with? Jessica Pothering reports
Hector Sants is no longer Mr Nice Guy (if he ever had been). Having just declared a new era for UK financial regulation, he has built up his army of regulatory enforcement officers and issued a stern warning to rebels that their days are numbered: comply, or else.
Unfortunately, though, those falling under the jurisdiction of the Financial Services Authority (FSA) - the throne that Mr Sants' army defends - have not had much reason to be fearful up to now. And most would probably guess that the
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