Saturday, March 13, 2010

The FSA got us into this mess; it can get us out - Telegraph

The FSA got us into this mess; it can get us out - Telegraph: "Don't transfer the regulation of consumer credit from the Office of Fair Trading to the new CPA. Transfer it to the FSA instead, thereby creating a unified regulatory regime for financial services firms and consumers.
Scrapping the FSA will cost billions, in all likelihood take years and create an administrative nightmare. But most importantly, the Tory vision will not guarantee better regulation or improved consumer protection."


Well written Paul Farrow. I couldn't have put it better myself.

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