Planned pre-emptive regulatory powers "a nonsense" - RPC

FSA logo

Steven Francis, a regulatory partner at RPC, said: "By pre-emptively informing a firm's clients of its investigation the new regulator could do serious damage to the firm's reputation and business. The Financial Services Authority (FSA) regularly commences investigations that lead to no disciplinary outcome. The firm either satisfies the FSA there has been no wrong-doing; or the FSA simply gets it wrong.

"The Government will therefore have to tread very carefully when implementing this power. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: