Risks and regulations
13 September 2012
Purchasers working in the UK financial sector need to understand the stringent requirements of the Financial Services Authority’s regulatory regime. Stephen Cooper explains why
Following Labour’s election in 1997, Gordon Brown, the new chancellor of the exchequer, revealed that he thought there had been too many scandals in the UK financial services sector. In the past 10 years, the list had included Polly Peck (1990), Maxwell (1991), BCCI (1991) and Barings (1995). More recently, Equitable Life and the rolling saga of pensions mis-selling...