Summary |
The book examines the most important aspects of the UK financial regulatory environment introduced by the Financial Services and Markets Act 2000. These aspects are firstly, the move towards risk-based regulation and in particular FSA’s risk-based operating framework for supervision; secondly, the trend towards direct regulation of individuals within financial services businesses and in particular senior managers; and thirdly how regulatory rhetoric and action have changed over the last twenty years to mirror the re-drawing of the boundary between collective and personal responsibility that has led to increasing emphasis on financial citizenship and personal financial autonomy that has taken place over the same period.
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