Can a leopard change its spots? 'Repurposing' UK conduct regulation

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Much of the debate around the splitting of the old FSA into two had focused on the structural implications of regulation, but only now are the potential implications of the culture of regulation, particularly under the FCA as conduct regulator becoming clearer.

Richard Hobbs runs his an expert eye over some of the new emergence themes - the new competition powers, the focus on behavioural economics, the challenge for firms to understand and engage with the new culture rather than merely don compliance helmets. Above all, can the regulators escape from their current vulnerable political position and risk a more adult relationship with its regulated community, amidst the glare of public scrutiny over financial services?