Chancellor Osborne's abolishment of the FSA meets disapproval as City lawyers doubt plan's effectiveness
Chancellor George Osborne's banking regulation shake-up has been met with a cool reception from City lawyers as many raise doubts about the move to largely abolish the Financial Services Authority (FSA). The overhaul, which was announced last week (16 June), will see a major increase in power for the Bank of England, which will take on a new remit to police market risk.
City lawyers unimpressed by banking regulation overhaul, arguing FSA should have a chance to reform
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