The future shape of financial regulation

We are looking to ensure that the needs of consumers remain at the heart of any changes that are made to the regulatory system at the FSA.

Turner Report

We have publicly responded to proposals by FSA Chairman Adair Turner in the Turner Report, published in March 2009.  The report looked at how to make the financial system more stable in future and we published a response in June 2009.

We are now building on the views expressed in that response with ongoing discussions with the FSA and other bodies.

Consumer responsibility

We strongly criticised the FSA’s stance on consumer responsibility as set out in its Discussion Paper (DP08/5) on the subject. 

We continue to monitor developments to ensure unrealistic responsibilities are not put onto consumers as part of general changes in financial regulation. 

 

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