Regulatory Principles and the Financial Services and Markets Act

Colin Mayer

No 2001-FE-09, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: Regulation in the UK is undergoing fundamental change. Dissatisfaction with self-regulation and the self-regulatory organizations intensified steadily during the 1990`s. The failure of regulation to avert the Maxwell pension collapse and the widespread selling of inappropriate pension policies were viewed as serious deficiencies of what many people had already come to regard as inadequate and expensive regulation. The Labour administration came to office with the clear intention of overhauling and strengthening the system.

Date: 2000-10-01
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