Tories sharpen axe for FSA

Blackmore, Nicole; York, Nicola
July 2009
Money Marketing;7/23/2009, p2
The article reports on the plan of the British Conservative Party in getting rid of the non-governmental body Financial Service Authority (FSA) in 2009 in Great Britain. According to Shadow Treasury Financial chancellor George Osborne, the Bank of England should replace the FSA in keeping the financial industry stable because of the failure of FSA. Osborne also planned that a new organization Consumer Protection Agency would be created to regulate independent financial advisors (IFAs).


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