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Well now Raynor from 22 February 2016 09:16 am (often read and agreed with by many others!).
The toothless Law Society?
Regarding the SRA, be very careful of just what is being wished for?
Only if the other ‘so-called’ regulators (FCA & PRA) often thought the 'natural fits' for the SRA to be amalgamated into were not so badly operating against the public's best interests, then one for all may possibly work?
The FCA remains as the FSA was and is terribly influenced to ‘light touch’ and most often ignore the most obvious and longstanding wrongdoings directly connected with so many SRA regulated Firms and their associates and clients!
Many within FCA regulated markets know how for too many years (since inception?) the 'published' objectives of the FCA (FSA before) have not ever effectively protected markets or consumers!
Most any person aware of the conduct within transatlantic regulated markets recall the example of just how profitable it has remained to clean up Mexican Drug Cartel cash?
Regardless of all the laws, regulations and regulators the SRA, the FCA along with the PRA and US equals all facilitated the vastly profitable laundering of $6bn of Mexican drug cartel funds to cover all and any fines as a ‘cost of sale’.
Retaining $2bn in profits (from $6bn of product cleaned up) without any single authorised or other for that matter of fact, person ever facing any sanctions whatsoever where even the individual with overall regulatory responsibility and liability received a place in the seat of UK government must be genius?
Perhaps many a solicitor should consider emulating these and so many other now common examples which remain regarded by most any regulators as just part of the larger regulated Firms' international business successes?
Better business for solicitors effectively cleaning cash for those harming and killing the public (Mexican) than the now basically outlawed fees within regulated markets to represent injured members of the public?