Monday, July 20, 2009 / UK / Business - FSA takes tougher line on regulation / UK / Business - FSA takes tougher line on regulation: "“They don’t work. They don’t read. We send them stuff and we can tell that they haven’t read it,” says the chief executive of one midsized City institution.

Mr Nelson said: “There have been times when bankers may have questioned us but we have worked hard to improve the quality of our people through both training and recruitment.”"

Which party knows what they are talking about? My money isn't on the regulators for one reason, if they were any use they wouldn't be regulators!

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