Questions raised over FSA twin peaks structure
FSA begins its ‘twin peaks’ approach, but some participants say questions remain over how the new structure will work
The start of a ‘twin peaks' structure at the UK Financial Services Authority (FSA) this week, which involves its supervision responsibilities being split between prudential and conduct elements, has been questioned by industry participants, who argue there is still uncertainty over how the new set-up will work.
The division of responsibilities is in preparation of a formal break-up of the FSA
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