UK regulation after the breakup of the FSA

Twin peaks regulation

twin-peaks

From April 2, 2012, the UK Financial Services Authority (FSA) began to replicate the proposed roles of the Prudential Regulatory Authority and the Financial Conduct Authority, the two agencies set to replace it next year under government regulatory reform plans, by subjecting banks, insurers and major investment firms to separate regulation for prudential and conduct purposes. The FSA intends to accelerate its move towards a bolder, more proactive and intrusive approach to regulation. At least

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