View more on these topics

Regulator kept clear focus on Europe

The FSA has denied it lost focus on European regulatory changes that hit the UK financial services sector.

Chairman Lord Turner said: “You win some you lose some, that is the nature of the European debate and always has been.”

Labour MP John Mann asked if Turner had “taken his eye off the ball” over the changes, including introduction of European supervisory authorities.

Turner said: “We have been focused very clearly on the European regulatory environment and many of the things which have occurred in Europe we strongly supported.”

Mann asked FSA chief executive Hector Sants if Europe had “trampled all over us” during the restructuring of UK regulatory bodies.

Sants said: “I do not think that is true and I do not think there is any evidence to suggest that.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Hector ~ denial doesn’t change the truth. If you can’t see the evidence, then you must have your head stuck where the sun don’t shine.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com