UK financial services regulation needs overhaul

An article suggests that financial regulation is a balancing act. On the one hand too tough an approach may reduce London's position as a major financial centre, but on the other hand a laissez faire attitude will bring criticism if consumers suffer. So how will Callum McCarthy get on as the new chairman of the UK's Financial Services Authority?

First published in the UK edition of the Financial Times on 2 April

Regulating financial services is tricky. Cracking down too hard on the industry could

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