do you mean different in terms of remediation figures? Or regulatory penalties?
in terms of remediation ioof went bottom up, the banks went too down to estimate exposures. ioof aren’t out of the woods yet as you realise.
from my understanding the vast majority of the ioof remediation is due to poor compliance paperwork. Ie there was no document signed to show a review was done, when it might have just been a phone call between the advisor and the client. This has obviously changed since the RC.
maybe I’m blinkered, but in my opinion the advisors for ioof have been more diligent and engaging with clients than the ‘advisors’ the banks have allocated to individuals.
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