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Neuberger MR calls for regulatory reform as ABS timeline is unveiled

There has long been an argument for close working on the contentious side, with solicitors and barristers combining to make an effective team, likely to be divorced from many of the conflicts that beset large law firms. As to the regulatory structure, it seems pretty Gilbertian to me, not least with regulators regulating regulators! It is rather like the early days of the FSA in the insurance industry, with complete overkill. I wonder if it has been designed to employ all the redundant lawyers? Perhaps common sense will break out, as I cannot see Tesco Law, or whoever it is, wanting to pay for this army!

23-Feb-2010

11:14 pm