Financial Regulatory Forum

FACTBOX-UK fleshes out financial supervisory shake up

By Reuters Staff
July 26, 2010

July 26 (Reuters) – Britain detailed on Monday how its new financial supervisory regime will work from 2012 in a move that scraps the Financial Services Authority and turns the Bank of England into one of the most powerful central banks in the world.

ANALYSIS-UK bank changes will be outweighed by EU

May 12, 2010

By Huw Jones

LONDON, May 12 (Reuters) – The new British government will make the Bank of England responsible for spotting asset bubbles as part of global efforts to learn from the financial crisis but the new set-up will still be overshadowed by EU centralisation.