Speeches today from Hector Sants and Margeret Cole on the future of regulation for the 24,000+ small financial services firms who will not fall under the auspices of the Prudential Regulatory Authority.
Both provide quality insight as to how the risk/reward argument is playing out at the FSA as they prepare for the 2013 split - particularly liked the parallel of cost of extra regulatory visits against the cost of product failures such as Keydata.
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