UK distributors anxious as Financial Services Authority flexes its muscles
Distributors in the UK are getting anxious about increased regulatory pressure. The Financial Services Authority (FSA), for example, has already fined Santander £1.5 million for launching products that were not in line with its requirements.
"It's all becoming more difficult to cope with," says one London-based distributor. "The first quarter of the year has been extremely difficult because distributors are hesitant to launch any product or service that might be difficult to integrate with
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