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That will be principles based and outcome focused then!
Tuesday, 16 February 2010Those of us with recent experiences of the Financial Services Authority’s changing approach to regulating its industry firms, should be forgiven a wry smile on reading SRA board chairman Charles Plant’s article on ‘outcomes-focused regulation’ which appeared in the Law Society Gazette on 11 February 2010.
Tags: FSA, outcomes-focused regulation, Regulation, SRA
Posted in Blog
Blog

Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.

Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes

Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
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