Questions raised over FSA twin peaks structure

paul-chisnall

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, scheduled for next year. Under the new structure, the Financial Conduct Authority will regulate market

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