Sunday, July 15, 2007

Despite FSA rhetoric market abuse is rampant


It almost said “Read Me.” The transcript of a speech delivered last week by John Tiner, departing chief executive of the UK’s Financial Services Authority, came with a content warning that it would include “some blue-sky thinking about the possible future direction of aspects of financial services regulation which Mr Tiner stresses are his personal views”.

Mr Tiner’s tenure at the helm of London’s financial watchdog, alongside chairman Callum McCarthy has been broadly successful, returning some augustness to an institution that had suffered visible growing pains under its founding executive, Sir Howard Davies.

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