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 papers already happens or should be happening under the existing frameworks, comments Adam Samuel.

Adam Samuel BA LLM DipPFS MCISI FCIArb Certs CII (MP&ER) Barrister and Attorney may be contacted at adamsamuel@aol.com. You can purchase Adam's latest book 'Compliance - a Short Book' at www.amazon.co.uk/Compliance-Short-Book-Adam-Samuel-ebook/dp/B0CTRYBN1J/. For links to where you can buy the second edition of 'Consumer Financial Services Complaints and Compensation', see www.adamsamuel.com/writing.

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.