Let’s hope the FCA really does uncover the Lance Armstrongs of broking
Hot on the wheels of another great day of sport for Britain (Lee Westwood's final day Open slide excluded) the FCA's chief executive Martin Wheatley seized the opportunity to compare the regulation of financial services to the Tour de France.
Writing in this morning's City AM Wheatley used the Cycliste Internationale as an analogy for the financial regulatory system.
"The teams are like regulated financial firms, with shareholders as well as managers. The riders are the products, from plain vanilla, off-the-shelf items to star asset managers," he explained.
"The spectators are like financial consumers. They reward sponsoring firms by purchasing their products. They will walk away if they suspect they are watching cheats. Prizes are
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