- or at least is not hostile to it: "It is no surprise either that the new Financial Services Authority has chosen Canary War as its home, or that the legal profession has been among those crowding into vacated city space. Regulation is one of the great growth industries in financial services and, for those tasked with demonstrating the required state of readiness, that growth has felt exponential through to the formal launch of the FSA.
If the new body performs, well, it will reinforce Britain's reputation for relatively high standards of business practice and customer protection. If it fails - either to protect consumers or to provide an elegant fremwork within which the industry can operate - the damage to UK competitiveness could be enormous." Edmund Warner, chief executive of Old Mutual Financial Services [EMAIL PROTECTED] Guardian Saturday 29 December
