Press Comments
Hang tough
In April, the FSA reported that it is taking tough action after finding weaknesses in five banks' handling of customer complaints... This article was first published by Financial Adviser on 17 June 2010
The Next Evolution
Last month, the FSA delivered a speech which articulated the regulatory framework that the industry will come to realise is the next stage in the evolution of the regulator... This article was first published by Financial Adviser on 3 June 2010
Dirty Laundry
Money laundering reporting officers up and down the country will no doubt be taking an interest in an FSA enforcement action that was reported this month... This article was first published by Financial Adviser on 20 May 2010
So, does it work?
In June the FSA is hosting a conference exploring the effect of FSA enforcement and how it changes the behaviour of the firms and individuals that it regulates. Does it work, asks Philip Ryley, Head of Financial Services & Markets at Michelmores. This article was published by Financial Adviser on 6 May 2010
The Odd Couple
The FSA has, at times, appeared uncomfortable with the conceptual relationship between the use of distributor-influenced funds and the provision of independent financial advice, says Philip Ryley, head of financial services & markets at Michelmores.
This article was published by Financial Adviser on 22 April 2010
Shaky Ground
In March, the FSA published its findings following its thematic review of the quality of the advice provided by intermediaries when recommending investments held on platforms. Philip Ryley comments on the review and the FSA's stance going forward.
This article was published by the FT Financial Adviser on 8 April 2010
Regime Change
The FSA can certainly talk the talk, but will its latest policy statement on the Approved Persons Regime have the desired effect on the policing of the industry, asks Philip Ryley, head of financial services and markets at Michelmores.
This article was published by Financial Adviser on 13 August 2009
Pawn takes FSA
As the Conservatives propose to dismantle the FSA, Philip Ryley wonders whether replacing, rather than reforming, the regulator is the sensible solution.
This article was published by Financial Adviser on 30 July 2009
The Enforcer
The FSA's intention to deliver 'intensive supervision' and 'credible deterrence' appears to be on track, says Philip Ryley, head of financial services and markets at Michelmores
This article was published by the Financial Adviser on 16 July 2009
Reading glasses
A new paper examining the financial crisis does not pull any punches in its assessment of the causes, says Philip Ryley, head of financial services & markets at Michelmores.
This article was published by Financial Adviser on 2 July 2009
Blame game
It is not a lack of rules that has led to the banking crisis, but a lack of implementation and policing of the rules. With the current regime under scrutiny, what is needed now is a credible and effective method of regulation, argues Philip Ryley, head of financial services & markets at Michelmores.
This article was published by Financial Adviser on 18 June 2009
The damage done
The FSA will now include a strong focus on the risk consequences of renumeration policies, says Philip Ryley, head of financial services & markets at Michelmores.
This article was published by Financial Adviser on 11 June 2009
Name and shame
A new 'name and shame' scheme will be introduced for regulated financial businesses later this year, but opponents argue that the publication of data could undermine consumer confidence in the sector as a whole, says Philip Ryley, Head of Financial Services & Markets at Michelmores Solicitors.
This article was published by Financial Adviser on 14 May 2009
Be very afraid
A regulator needs to command the respect of those it regulates, not scare them, says Philip Ryley, head of financial services & markets at Michelmores.
This article was published by Financial Adviser 30 April 2009
Litigation limit
Litigation may not always be the best route for those seeking damages for losses arising from mis-selling, says Philip Ryley, head of financial services & markets at Michelmores.
This article was published by the FT Financial Adviser on 2 April 2009
A silver screen
The banking crisis means that we are entering a new age of regulation for financial firms, but it would be a mistake to call for a total overhaul of the current model, says Philip Ryley, head of financial services and markets at Michelmores.
This article was published by the FT Financial Adviser on 23 March 2009
Key repossession ruling opens door to mortgage mis-selling
Philip Ryley, Head of Financial Services & Markets at Michelmores, comments in an article featured in the Observer on the ombudsman verdict on the mis-selling of mortgages.
(This article was published by the Observer on 22 March 2009.)
Regulation overhaul in danger of overreaction
Philip Ryley's letter to the Editor of Financial Adviser asking whether a radical overhaul at the FSA to resolve the current financial crisis would go too far.
(Letter published in the Financial Adviser on 19 March 2009.)
Conflict Resolution
With the FSA airing its views on managing conflicts of interest, firms who ignore the FSA requirements do so at their peril, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 26 February 2009.)
Time to regulate FSA pay?
Why the disparity between FSA and public sector payscales, asks Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 19 February 2009.)
Deal or no deal
The economic downturn is not preventing business transactions, but there are many issues to consider before embarking on a sale or purchase, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 5 February 2009.)
Going gets tough
The FSA will be an active regulatory presence in 2009 and firms will need to be extra vigilant to ensure their compliance, warns Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 22 January 2009.)
Gone fishing
Just when you thought it was safe to get back into the water, cruising the regulatory ocean is another big scary fish. Yes, another pension transfer fright is upon us, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 8 January 2009.)
Out of the ashes
As the economic shift bites and firms find it hard to stay in business, there is a growing risk that senior managers may be inclined to consider ways of leaving liabilities behind and continue their profession using a new business entity, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 4 December 2008.)
First for everything
As the FSA disciplined a money laundering reporting officer, many officers up and down the country will be revisiting their procedures and controls, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by the FT Financial Adviser on 20 November 2008.)
Taking to the platform
Platforms operate in different ways, which does present a problem for financial advisers as the FSA states that platform selection is the responsibility of the adviser, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by Financial Adviser on 6 November 2008.)
A fine time ahead
The FSA reports it is still finding serious problems in payment protection insurance sales, we can expect the regulator to get tougher and take enforcement action against firms and senior managers, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by Financial Adviser on 16 October 2008.)
The right platform
Platforms are important to today's market but they provide and extra regulatory layer of complexity to overcome, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by Financial Adviser on 9 October 2008.)
Who's responsible?
The momentous events of the last few months involving the collapse, and near collapse and rescue, of financial institutions both here in the UK and in the US will undoubtedly reshape both the financial markets and the regulators who regulate them, says Philip Ryley, Head of Financial Services & Markets at Michelmores.
(This article was published by Financial Adviser on 25 September 2008.)
Regulatory Comment - Planning ahead
Published by Financial Adviser 21 February 2008
Regulatory Comment - Progress report
Published by Financial Adviser 24 January 2008
Regulatory Comment - Watch your back
Published by Financial Adviser 20 December 2007
Regulatory Comment - Enforcing action
Published by Financial Adviser 21 November 2007
Regulatory Comment - EU integration may affect commercial
Published by Niche Commercial Finance November 2007
Regulatory Comment - Conflict of needs
Published by Financial Adviser 19 April 2007
Regulatory Comment - Financial Services Sector Focus in the South West
Published by Legal Week 8 March 2007
Regulatory Comment - A mountain of paper to climb
Published by Financial Adviser 11 January 2007
Regulatory Comment - No bright lights
Published by Financial Adviser 14 December 2006
Regulatory Comment - A Watchdog and it's bone
Published by Financial Adviser 30 November 2006
