The FSA is to be broken up as part of a huge shake-up of regulation by the new Government – despite strong misgivings from City professionals. Alex Aldridge charts the watchdog’s rise and fall and looks at the new bodies that will replace it
‘You got a lotta nerve,’ begins the mural in the reception area of the Financial Services Authority’s (FSA’s) Canary Wharf headquarters. The words are part of a 1998 canvas by Turner Prize-nominated artist Fiona Banner, spelling out the lyrics of Bob Dylan’s song, Positively 4th Street.
