UK set to reshuffle regulators
The UK Financial Services Authority (FSA) will become responsible for financial stability as well as market regulation, consumer protection and investigating financial crime, under a bill that entered Parliament last week.
But the Financial Services bill also creates a formal three-member Council for Financial Stability, consisting of the finance minister and the governor of the Bank of England as well as the head of the FSA, responsible for oversight of UK financial stability. The Treasury will
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