Comments on: Abolish the FSA! http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Jason http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/comment-page-1/#comment-4421 Mon, 20 Jul 2009 13:16:44 +0000 http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/#comment-4421 If you spread it out, you have more bits for offending parties to capture. While one super-regulator can be an improvement, many small regulators can be better in other cases (the various conflicts between state AGs and the never-to-be-cursed-enough OCC and OTS come to mind)

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By: Ginger Yellow http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/comment-page-1/#comment-4419 Mon, 20 Jul 2009 11:12:51 +0000 http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/#comment-4419 ” Everybody thought that the FSA was a strong “super-regulator”, of course.”

Yes and no. It was considered to be strong in terms of remit (eg regulating pretty much all mortgage intermediaries whether or not they were banks), but it was also considered a light touch in terms of enforcement. The SEC was always much, much more vigorous at catching and punishing offenders.

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By: Matthew http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/comment-page-1/#comment-4413 Mon, 20 Jul 2009 07:20:42 +0000 http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/#comment-4413 Having as few a regulators as possible, even if desirable (I’m not sure) isn’t the same thing as combining your monetary policy organisation with a regulator.

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By: derren http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/comment-page-1/#comment-4407 Mon, 20 Jul 2009 04:04:26 +0000 http://blogs.reuters.com/felix-salmon/2009/07/20/abolish-the-fsa/#comment-4407 Giving the bank of england the power to regulate, in effect, itself and the other banks around it is not a good idea in my opinion.
The policing body must remain independent of interest which is why i believe the FSA should remain.

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