FT.com / UK / Politics & policy - Plan to axe FSA spurs crime warning: "“Love it or hate it, the FSA performs a valuable function,” said Charles Evans, a lawyer at Norton Rose. “These things have to be done by someone.”
What else would we expect the "elitist" lawyers who feed on the financial services industry to say?
FSA insiders are said to be seething at the Tory proposals, which would see most of its powers to regulate and supervise financial institutions handed back to a beefed-up Bank of England."
What else would we expect the "elitist" regulators to say when they face an uncertain future?