FT.com / Comment / Opinion - A better way to promote financial stability: "An unseemly turf battle broke out at the Mansion House last week over who should be in charge of spotting and squelching future threats to financial stability".
I'm sure the FSA's 740 former Bank of England employees would welcome the opprtunity to leave the sinking ship at the Financial Services Authority. Not just for the Kudos but also for the sake of their final salary pension scheme.
But the FSA and its creators at New Labour HM Treasury will resist any dismantling of the 'one stop regulator'.
We should wait until after the election to sort out our discredited regulatory system and the 'gaps' that whole systems can fall through. The current regime is incapable of rational reform.
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