Keeping an eye on the regulator

Speaking at the FSA’s Annual Meeting for the first time since taking over as chairman of the Financial Services Practitioner Panel, Nick Prettejohn predicted that the events over the past year will lead to a greater focus on prudential supervision over conduct of business rules and shared his concerns over the FSA’s controversial regulatory disclosure plans

We are the ‘constructive critic’ of the FSA and we support the good work performed by it in a number of areas of the regulatory agenda. The FSA has a supremely difficult and often thankless task. We try at all times to recognize the challenge the FSA faces, but we cannot and do not shirk from making criticisms or suggestions when they are merited.