James Spencer, Big4.com
June 22, 2010
George Osborne, the current Chancellor of the Exchequer of the United Kingdom seems to have finally got his wish and managing to get the UK Financial Services Authority (FSA) wound up. The Conservative’s "White Paper" on City regulation will call for the erstwhile financial regulatory structure to be dismantled owing to its less than desired response to the financial crisis. Under the new proposal, the FSA's powers will be transferred back to the Bank of England, and it will cease to exist. Its three key responsibilities:
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