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Risk.net, January 2012: Fears over UK representation in Europe voiced in FCA report

Selwyn Blair-Ford, global head of regulatory policy at Wolters Kluwer Financial Services in London, sees the report as evidence of attempts to iron out any issues before the new regulators come into being. "The short-term implications with regards to the FSA winding down and splitting up could be that many feel they are dealing with a less engaged regulator," he says. "However, in our experience the FSA is proactively spurring the UK financial services industry to air their voices as the transition takes place. The industry and government could mitigate some of the long-term implications by being very clear on the issues and addressing them in the emerging regulatory structure now."

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