Overview

After a period of 'will they, won't they?', Chancellor George Osborne finally ended the speculation over the Financial Services Authority's fate in his recent Mansion House speech.

The announcement spelled the end of the tripartite regulation system as well as the FSA, whose responsibilities will be shared out among newly-created bodies after its planned demise in 2012. The new Government has opted for a 'twin peaks' model of regulation, whereby conduct of business and prudential regulation will be supervised by separate bodies.

Four weeks and many column inches later, there are still plenty of questions over how the UK regulatory landscape will look in 2012.

Click 'View Briefing' to read the full article from Herbert Smith.