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Is the regulatory clampdown too little too late?

As the Chancellor of the Exchequer and the Financial Services Authority (FSA) warn the city to be prepared for a serious tightening of the regulatory belt over the next few years, many people are suggesting this is all too little too late. There is also a feeling that Gordon Brown has a lot to answer for as he was Chancellor of the Exchequer and oversaw some major changes in the regulatory framework during his time at the Treasury.

While neither the Chancellor of the Exchequer nor Gordon Brown is willing to take any blame for the ongoing economic downturn many are questioning their ability to improve the regulatory system which the Labour government effectively brought in. While the government would like to brush over the troubles of the past with regards to regulations there is a feeling that a major overhaul is required which could see the Financial Services Authority become obsolete and be replaced by a "super regulator" - even though this was the title given to the FSA some time ago!

The problem now for the UK investor is that the next few weeks and months will see serious spin from the UK regulators and the UK government as they attempt to paper over the cracks which have appeared of late. However, we need action not words and motions not notions in order to re-vitalise the UK stock market and the investment environment in general.

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