United Kingdom Regulatory Reforms: Twin Peaks Revisited?

June 17, 2010
In a major speech on Wednesday, the UK Chancellor of the Exchequer, George Osborne, laid out the key elements of sweeping plans to change the UK financial regulatory system. The FSA will cease to exist in its current form, and the Bank of England will be returned major powers of prudential regulation. In this update, we examine what is known of the proposals so far.