FSA slammed for feedback delays and for putting customers at risk
The Financial Services Authority has been criticised for putting customers at risk by delaying provi...
The Financial Services Authority has been criticised for putting customers at risk by delaying providing firms with details of common problem areas it is finding in its preliminary visits to brokers.
Speaking at the latest Professional Broking Broker Management Forum, regulatory consultant Oliver Lodge pressed the issue, claiming the FSA should give an indication of its early feedback. Research suggests the regulator's 'perimeter team' of supervisory and enforcement staff has now visited over 500
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