With the RDR and MMR under way, the Government announcing plans for the break up of the FSA with a reform of the Tripartite Arrangement between the Treasury, the Bank of England and the FSA, wouldn’t you prefer to be in a Network who’ll guide you through these changes?

We manage regulatory issues with a high degree of professionalism. We’re watching the Government and FSA very closely so you can be assured as part of our Network we’ll keep you informed every step of the way.

What changes are in store?

As it stands the FSA’s role will split into three areas, with two of these areas going to the Bank of England.

1. The first area will cover the macro-prudential regulation of the financial system. It will be handed over to a new Financial Policy Committee (FPC) within the Bank.
2. The second area, the prudential regulation of individual larger firms will go to a new Bank department to be known as the Prudential Regulation Authority (PRA).
3. Leaving the third area, which will become the Consumer Protection and Markets Authority (CPMA). The CPMA will carry out the regulation of conduct within the financial services industry, including the conduct of individual firms towards their retail customers.

In bringing in these radical changes the Government has undertaken to ensure that “business continues as usual” and there’s a programme of transitional arrangements being put in place. When they become known, you can be assured we’ll respond to any actions very quickly.