Regulation “not rocket science”: FSA retail markets head
The Financial Services Authority's (FSA) more "intrusive" approach in the wake of the financial crisis is backed up by a sturdy punitive system, and will be pursued further in order to restore confidence to markets and consumers, said Jon Pain, the managing director of its retail markets division.
He told a mortgage industry conference last Friday that the FSA had increased its supervisory staff by 30% and introduced a new training regime which features "robust assessments" of front-line
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