Tories set to scrap the FSA
Regulation of insurers to be handled by Bank of England
The Conservatives have today outlined plans to abolish the Financial Services Authority and pass regulation of insurers onto the Bank of England.
The plans were outlined by deputy leader David Cameron and shadow chancellor George Osborne in the policy White Paper on Banking.
The paper sets out Conservative policy to:
abolish the Financial Services Authority and abolish the Tripartite regime it operated with the Bank of England and the Treasury; create a strong and powerful Bank of EnglandOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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