Darling unveils bank regulation proposals

[Legal Beagles]

The Financial Services Authority promised yesterday to inc-rease the resources it devotes to policing the banking sector, as the Chancellor of the Exchequer, Alistair Darling, unveiled his proposals for regulatory reform to MPs on the Treasury Select Committee.

More...

[Amethyst]

Re: Darling unveils bank regulation proposals

The reorganisation reflects criticism levelled at the FSA over its part in the failure to prevent the Northern Rock scandal. Yesterday, Mr Darling told MPs he would bring forward proposals for reform of the current tri-partite system of regulation of banks, including additional powers for the FSA, at the end of the month.



So the FSA fail, and get rewarded with more power and responsibility ?