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FSA chief hits at EU investment marketing rules FSA chief hits at EU investment marketing rules
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Old 22-07-2005, 03:04 PM   #1 (permalink)
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Default FSA chief hits at EU investment marketing rules
http://www.ukip.org/abc_news/gen12.php?t=1&id=1510

Quote:
THE head of the Financial Services Authority (FSA) yesterday hit out at the handling of new EU legislation on how financial services firms market retail products across borders.

Sir Callum McCarthy, chairman and acting chief executive of the City watchdog, said that it was “deeply unsatisfactory” that the forthcoming Market in Financial Instruments Directive (MiFID) from the European Union had not undergone a full cost-benefit analysis.
Another case of not doing a cost-benefit analysis, notice the trend?

They know the answer will be high cost, no benefit!
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