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Legal Briefing
Corporate newsflash - FSA to be abolished
Practice Area: Regulation and Compliance
Sector: Commercial and Retail Banking
Jurisdiction: Scotland
Published: 17 June 2010
Law Firm: Ashurst
Overview
A newsflash by Ashurst, reacting to Chancellor of the Exchequer George Osborne’s 16 June announcement on the abolition of the Financial Services Authority and the handing over of increased powers to the Bank of England. In addition to presiding over monetary policy, the Governor of the Bank of England's remit will also include the prevention of the build-up of risk in the financial system.
To read this summary of the main points of his proposals click ‘View Briefing’
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