Cable says axing FSA would cause RDR chaos

York, Nicola
August 2009
Money Marketing;8/6/2009, p1
The article focuses on the refusal of Liberal Democrat Shadow Chancellor Vince Cable concerning the Tory Party's proposal to replace the Financial Services Authority (FSA) with a consumer protection agency in Great Britain. Cable stresses the need for the party to rethink its proposal and to settle the dispute between the FSA and the Bank of England in a mature way. Robert Reid of Syndaxi Financial Planning argues the need for the FSA for improvement, but it does not need to be terminated.


Related Articles

  • FARROW'S VIEW: Build on what we have.  // Design Week (Online Edition);4/22/2011, p2241 

    The author discusses the Toris which is a political party oF Great Britain. He states that the party should improve the regulatory system, not dismantle it. He informs that the manifesto of the party confirms that it will dismantle the infamous tripartite system made up of the Treasury, the...

  • Tories should talk about plain English. Mounty, Peter // Mortgage Strategy;7/27/2009, p14 

    The article discusses the move by the Tory Party in Great Britain to regulate the Financial Services Authority (FSA) on consumer protection. The political party has addressed the Bank of England as alternative to FSA regarding policies and strategies of financial institutions. In addition, the...

  • Don't bank on a magic bullet. Cicutti, Nic // Money Marketing;7/30/2009, p19 

    The author provides an overview on the regulatory reforms made by the Tory Party in Great Britain. He mentions that the Tories wanted the supervision of banks and insurers to be given to the Bank of England from the Financial Services Authority (FSA). He also states that the FSA should mitigate...

  • Tories want greater TCF consensus. McMillan, Paul // Money Marketing;5/11/2006, p5 

    The article reports that the Tory Party in Great Britain has warned that there has to be a better consensus between the regulator and the regulated if the Financial Services Authority's (FSA) Treating Customers Fairly (TCF) regime is to be effective. Shadow Treasury financial secretary Mark...

  • NEWS IN BRIEF.  // Money Marketing;10/8/2009, p2 

    The article offers financial services news briefs in Great Britain. Financial Services Authority (FSA) released its final rules on liquidity requirements and reporting standards. Tory party reduces its commitment to increase inheritance tax limit (IHT) to one million pounds. Former Aviva PLC...

  • FSA is put on par with bank's independence. McMillan, Paul // Money Marketing;6/29/2006, p26 

    The article reports on British Trade Economic Secretary Ed Ball's address at a Bloomberg event in London where he defended the establishment of the Financial Services Authority, likening its importance for Great Britain to making the Bank of England independent of Government. He referred to the...

  • Tories pledge to abolish RDAs.  // Public Finance;07/16/99, p13 

    Reports plans of Tories to abolish regional development agencies (RDA) in Great Britain. Proposal to transfer RDA administrative powers to local authorities; Reasons for abolishment; Opposition from local public officials.

  • The end of the FSA.  // Futures: News, Analysis & Strategies for Futures, Options & Deri;Sep2010, Vol. 39 Issue 9, p58 

    The article reports on the assimilation of Financial Services Authority (FSA) by Bank of England's subsidiary Prudential Regulatory Authority by the end of 2012 in Great Britain.

  • Tories plan to cut back regulation. McMillan, Paul // Money Marketing;8/16/2007, p2 

    The article reports that Great Britain's Tory Party is advocating the removal of mortgage regulation. A party group, headed by party MP John Redwood, has come up with a report in this regard. In the report, the group has proposed the Financial Services Agency to cut mortgage regulations. The...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics