Contract certainty challenge enters final stage

With less than six months to go before the deadline to achieve contract certainty expires, the regulator’s feathers are ruffled.

The London market will be hoping for a better appraisal of its project to improve industry standards of contract certainty when it next faces the regulator in September. Since the Financial Services Authority (FSA) announced that it would put regulatory intervention plans on the back burner in favour of a market-led solution, it has noticed a lapse in the project’s development and has warned: “There is no room for complacency in the vital months ahead”.