Farewell FSA, Hello Bank of England

Contreras, Manuelita
October 2010
Asia Insurance Review;Oct2010, p38
Trade Publication
The article reports on the announcement of the planned abolition of the Financial Services Authority (FSA) in Great Britain. It states that the reforms stem from the government's desire to unite and strengthen the regulatory system by shifting more supervisory power to the Bank of England. The changes will put an end to the country's tripartite financial regulation in which the Bank of England, the FSA and the Treasury shared responsibility in supervising the financial sectors.


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