UK firms feel FSA scrutiny puts them at a disadvantage
The Financial Services Authority’s (FSA) post-crisis clampdown may be harming the UK’s international competitiveness, according to research among senior financial services executives.
Interim Partners, which provides interim managers to the private sector, surveyed 169 financial services staff working just below board level across the insurance, banking and compliance sectors.
A third said the FSA's regulatory clampdown was now harming the UK's competitiveness, as international business centres like New York and Singapore compete to house the same institutions as London.
Senior executives were also sceptical as to whether the government's shakeup of the UK's regulatory system
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