Thursday, March 18, 2010

New ABI chief calls for FSA to be proportionate | News | Money Marketing

New ABI chief calls for FSA to be proportionate | News | Money Marketing: "“It is important that the FSA is still open-minded and balanced about its judgements on likely consumer detriment and what consumers actually want.”"

Telling, or asking, the regulators to be “open-minded and balanced” is misplaced when the regulated are causing so many problems that it stretches the regulator's resources to breaking point. Nobody can deny that it is a mess out there.

Would I want to be a regulator? I might think about it if the regulated promised to behave themselves and the regulator was willing to listen to some 'mavericks' who find it hard to say yes all the time.

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