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After two years of encouraging industry compliance, 1 March has come and gone and the industry has mostly complied with the Default Regulations implemented by the Financial Sector Conduct Authority (FSCA).
Theresa May has now announced her resignation, stepping down on 7 June. This will trigger a Conservative Party leadership contest, the winner of which would also become PM.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?