Business Advice for all UK firms from starting a business to flotation
Bank of England given new powers
Chancellor George Osborne has said that he will give the Bank of England the role of regulating the financial sector.
It was also announced that the existing regulatory systems, led by the Financial Services Authority, will be dismantled.
"On the structure of regulation, our plan is to hand over to the Bank of England responsibility for macro-prudential supervision, that should never have been taken away from it," said Mr Osborne.
The Chancellor also announced that a commission to look into the possible break-up of the big banks would by chaired by Sir John Vickers, a former member of the Bank of England's Monetary Policy Committee.
Post Date: June 16th, 2010
It was also announced that the existing regulatory systems, led by the Financial Services Authority, will be dismantled.
"On the structure of regulation, our plan is to hand over to the Bank of England responsibility for macro-prudential supervision, that should never have been taken away from it," said Mr Osborne.
The Chancellor also announced that a commission to look into the possible break-up of the big banks would by chaired by Sir John Vickers, a former member of the Bank of England's Monetary Policy Committee.
»
- Login or register to post comments
- Printer friendly version
Post Date: June 16th, 2010
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap