Government takes next step in reform of FSA
The government has published its financial regulation White Paper and draft Bill. These provide further detail on its proposed reforms to the financial regulatory regime within the UK.
The Treasury said the White Paper had been extensively informed by the responses to the government's last round of consultation in February, and contained a number of new policy proposals which have been developed in light of stakeholder feedback.
The developments included: a specific statutory objective governing the Prudential Regulation Authority's responsibilities for the insurance sector; an updated and enhanced competition regime under the Financial Conduct Authority; and steps to
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