I was much intrigued by the letters relating to disclosure in the Money Marketing edition of 18 April.
The intrigue was triggered by an article by Tim Harford in the FT Magazine, 20 April, outlining a research project undertaken by the FCA, highlighting the benefit of clear and brief correspondence.
To suggest that the regulator is monumentally two faced perhaps understates its duplicity. It presents one message to the public, though I cannot find the relevant research paper on the FCA web site, and a contrary message to advisers.
I suspect that it was not so much facing the wrong way at the time of the financial crisis as spinning like a top.