Hector Sants, ceo of the U.K.’s Financial Services Authority, said the agency is going to clamp down on the sale of risky financial products in a campaign to better protect consumers. In an interview, Sants said the FSA should vet certain products before allowing them to go on sale, “to get more involved in the design stage” of the product development, rather than offer consumers compensation after they’ve suffered losses because of these instruments.
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