FSA body enlists Labour MPs to ambush financial reform bill

[22 February 2012, CITY A.M.] On 22 February, Juliet Samuel writing on CITY A.M. reported that a key FSA body is trying to ambush the government’s flagship financial reform by enlisting the support of opposition MPs to insert a last-minute amendment, City A.M. has learned. The change being pushed by the FSA’s Consumer Panel, an influential advisory body, would give firms a new explicit legal “fiduciary duty” towards their customers that would go far beyond their current responsibilities. 

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