FSA to debate new interventionist strategies for the CPMA
The Financial Services Authority (FSA) has published a discussion paper to open a public debate about how it, and in future the proposed Consumer Protection and Markets Authority (CPMA), should best protect the consumer with a specific focus on product intervention.
Under the new regulatory structure, insurance intermediaries will come under the CPMA's remit.
As part of its new consumer protection strategy introduced last year, the FSA said it has already introduced a more interventionist approach with the aim of anticipating consumer detriment where possible and stopping it before it occurs.
The watchdog claimed the approach aims to reduce consumer detriment by dealing with problems earlier, scrutinising the whole of the product lifecycle from start to
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