Mixed Reactions Greet Launch Of New UK Regulator

THE UK's new all-embracing financial regulatory authority was launched last week by chancellor of the exchequer Gordon Brown. The new body has been dubbed the Financial Services Authority (FSA). It will take over regulatory functions currently split across a variety of smaller bodies.

Initial reaction to the proposals has been mixed, however. Some industry experts believe the new structure offers a long overdue rationalization of the UK's financial regulations, while others fear that the

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