The Independent (June 17)
2010/ 06/ 17 by jd in Global News
The UK will eliminate the Financial Services Authority (FSA), assigning its regulatory functions to the Bank of England (BOE). The Independent agrees the FSA was “next to useless,” with the fatal weakness of seeing “the world through the eyes of those firms it was supposed to be monitoring.” The newspaper hopes the new regulators at the BOE “will regard themselves as gamekeepers….rather than cheerleaders.”
Tags: Bank of England, FSA, UK
