Reportage - Future of regulation: Predicting the future
Everyone is aware the FSA is on its way out but what is less certain is how the new regulatory structure will operate. Liz McMahon explores what brokers can expect in the medium to long-term future.
The regulatory landscape is currently shrouded in a cloak of uncertainty. While the Financial Secretary to HM Treasury, Mark Hoban, has made it clear that the Financial Services Authority (FSA) will cease to exist in its current form, he has also said there will be no return to the pre-FSA style of regulation.
If we are to believe him then the UK is entering uncharted regulatory territory. The mystery surrounding the future is compounded further by the Treasury's failure to even mention brokers
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