Is the financial and legal regulatory regime taking over from the courts? Graham Reid reports on the Government's pledge to make redress easier for consumers and its effect on the professions
October 04, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
“Infamy! Infamy! They’ve all got it in for me!” cried Kenneth Williams as Julius Caesar in Carry On Cleo. Nowadays this could be the lament of a financial services professional or lawyer wilting under the blows of a regulator.
This sense of persecution is set to continue. The Government wants to make it even easier for consumers to obtain redress from professionals who make mistakes. Its method of choice is regulatory compensation.
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