If the Conservatives form a Government next year and take a decision to abolish the FSA, a piece of complex legislation will be necessary, accompanied by a major period of regulatory personnel changes. I cannot see that being done by 2012.
There was an amusing, but a little too accurate for comfort, remark made on a satirical comedy show recently. It was at the time of the 40th anniversary of the moon landing and the varying descriptions accorded to the International Space Station were contrasted.
The FSA has today confirmed an extension of the approved persons regime for those that perform a “significant influence” function at firms.
Matt Shafer, Head of International Distribution, discusses the firm’s philosophy around Durable Portfolio Construction, particularly the importance of putting risk first, thinking about better ways to use traditional asset classes and how to position alternatives in portfolios.
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