In this essay I discuss the debate about the rationale for investor protection in the retail financial sector by means of conduct of business regulation. The two theses I examine have been heavily informed, on the one hand, by the simultaneous debate surrounding the general issue of consumer...

This article examines the nature and rationale of judgement-led regulation but also questions the claim that this is a novel approach to regulation. Progressively, the analysis turns on the issue of its effective implementation and the interplay of discretion and data. In this connection, the...