Is regulation the answer?

Fiona Raistrick (+44 (0) 20 7893 2529, Fiona.Raistrick@bdo.co.uk) is Head of the Regulation within BDO’s Financial Services Risk & Regulatory Practice

When the credit crunch hit, back in the summer of 2007, many pointed to lack of regulation and robust supervision as the root cause; this was in stark contrast to then FSA Chief Executive John Tiner’s observations in September 2006 that the United Kingdom was indeed heading for overregulation.