The corporate world has truly been turned upside down when the press-friendly dealmakers are edged out of the headlines in favor of more intellectually minded colleagues in financial services regulation. Aside from the obvious effect of the prolonged credit squeeze, much of that has to do with the more proactive stance by the Financial Services Authority.
After all, with the FSA’s once-lauded light-touch approach coming under increasingly critical scrutiny after the Northern Rock collapse, the regulator can scarcely go a week without making a bold claim regarding plans to crack down on its charges.
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