Hah! “As soon as public confidence in the impartiality and independence of the regulator starts to diminish, a lot of other things will follow on from that.” You must be joking D’Aloisio.

More protection for a regulator that has VERY CLEAR biases and agenda's with how it operates. It does not act with impartiality nor does it even act ethically or without conflict of interest. It unfairly uses advisers as it's whipping boy and cash cow.

Providing advisers with a direct line would only help hold these rats to account - hence why a former 'cohort' jumps in to defend and protect them. Boys looking after their mates again is all I see here.