In a recent speech UK Financial Services Authority chief executive, John Tiner advised that in his opinion there are "too many rules" for companies to follow, but that this situation was an inevitable result of the beaureacratic merger which originally created the FSA, bringing all UK financial regulators under one umbrella. Tiner further suggested that while the FSA will continue to possess strong recourse against errant firms, that his focus will be on instilling better practices without the necessity of new regulations. Very interesting commentary. More details via the ever-venerable Financial Times.

-- MDT

Labels: Financial Services Authority