Tuesday, October 20, 2009

Osborne Said to Tell FSA He Will Fulfill Vow to Shut Regulator - Bloomberg.com

Osborne Said to Tell FSA He Will Fulfill Vow to Shut Regulator - Bloomberg.com: "Conservatives blame lax regulation of banks at the FSA, established by the Labour government in 1997, for exacerbating the financial crisis and forcing the U.K. Treasury to rescue (the banks)"


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We don't agree, the problem lies with state interference of regulation, it should be completely independent of HM Treasury as was promised when the FSMA 2000 was being debated.

As for Michael Foot...

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