Life after May 2010

As autumn turns to winter and a general election looms ever closer, regular contributor Adam Samuel has been strangely quiet on the Conservative Party’s July White Paper on financial services regulatory reform. A compliance consultant and lawyer, who has lived through through three, and been at the cutting edge of two, structural regulatory changes for the financial services industry, he is apolitical in that he is not a member of any party and never has been. He is not, though, unpolitical. Regular readers will know that he is no fan of the Financial Services Authority. We thought that it would be good to know his views on the proposed changes to the FSA.

Adam Samuel BA LLM FCIArb Dip PFS Cert CII(MP & ER) MSI, barrister and compliance consultant can be contacted on +44 (0) 20 7 323 9171; email adamsamuel@aol.com, website www.adamsamuel.co.uk. His book, “Complaints and Compensation: a Guide to the Financial Services Market”, is available from www.adamsamuel.com.

You do not have to be a supporter of the FSA and all its works to read the Conservatives’ July White Paper on Financial Services with a groan. Its message is that financial services regulation has been proved not to work for the umpteenth time and so an apparently incoming Government wants to change it.