Whither, regulator?
PB's editor gives his verdict on the Conservatives decision to scrap the FSA
The self-styled government in waiting, the Conservative party, has come out of the woodwork to say that it will scrap the Financial Services Authority if it is elected to power next year. Under its so-called masterplan, David Cameron's cabinet would give more power over insurers to the Bank of England and also introduce a consumer protection agency.
Change for its own sake - the FSA was a Labour Party invention after all - or a necessary and well-thought through move addressing the issues
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