The FSA has confirmed it will delay publishing its next Mortgage Market Review (MMR) consultation paper until early autumn, as it seeks to strike the right level of regulation for consumer protection.
Previously, the FSA had looked to publish its findings this summer. However, speaking at the FSA's annual public meeting today, chairman Lord Adair Turner said that there was still much analysis to be done over how far intervention should go to protect consumers, hence the delay. Hector Sants, chief executive of the FSA, added that rules will be published in 2012. Turner said: "The more that a regulator seeks to intervene in defence of consumer interest, the more that the regulator is then making crucial trade-off choices on behalf of society, and such trade-offs are never purely t...
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