Establishing the ground rules.
The industry must not lose sight of the importance of its role in shaping Financial Services Authority regulation.
After all the column inches devoted to the subject, the wholeindustry surely knows October 2004 and January 2005 are the important
dates regarding the Financial Services Authority's regulation of mortgage
firms and general insurance intermediaries.
However, in some respects we are still in the opening phase of the
exercise with an apparently endless stream of consultation papers.
The second phase will see the production of the definitive rules. But
there is a long way to go and much to do to
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