Future of the Financial Ombudsman Service in focus

Criticism that the FOS, at times, acts as a "quasi-regulator" has generated a flurry of speeches and consultations. But much of what appears in the proposals already happens or should be happening under the existing frameworks, comments Adam Samuel.

We live in strange times. In recent months, HM Treasury, the Financial Conduct Authority and even the Ombudsman have issued consultations about the future of the FOS.