The last-minute surprise that is ‘maintaining consumer confidence’ – The Times

Posted June 26th, 2008 in financial regulation, special report by sally

“Proper consultation is the rock upon which good regulation is founded. And for the Financial Services Authority, consultation is in its DNA. So when it does the unthinkable and drops a bombshell without warning or discussion — as last week with the announcement of the Short Selling Instrument — people are bound to be left shellshocked and confused, especially if they are lawyers under pressure from clients to advise on what needs to be done.”

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The Times, 26th June 2008