UK FSA CEO: Financial Industry Must Learn From Mistakes

Posted on June 25th, 2011 by Julian Kirby

LONDON — U.K. financial services firms aren’t learning from past mistakes in offering inappropriate products to customers and have done little to change their attitude toward customers in recent years, Financial Services Authority Chief Executive Hector Sants said Tuesday. Sants was speaking at an event promoting the Financial Conduct Authority, a new body taking over [...]