FT.com / UK / Politics & policy - Osborne names financial regulation team

FT.com / UK / Politics & policy - Osborne names financial regulation team: "Participants at the meeting said it felt like a charm offensive by Mr Osborne, who praised the FSA’s work. One said: “He was pretty straight and direct. But he was clear that some things are not set in stone.”
In particular, Mr Osborne signalled he was “listening” on the issue of “integrated supervision”. The FSA operates teams of integrated regulators, governing both prudential and consumer-focused supervision, for specific banks and has argued that it would be tricky to unpick those teams.
According to one person at the meeting, Mr Osborne expressed a willingness to allow integrated supervision of big institutions, including consumer supervision, to pass to the Bank, rather than be hived off to the new consumer protection agency that the Conservatives want to set up."


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