Carve-Up of the Fsa 'Risks Protection of Consumers'

The HeraldOctober 07, 2010

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Summary


The carve-up of the Financial Services Authority risks a weakening of consumer protection, the chairman of the Financial Services Consumer Panel said in Edinburgh yesterday.

Adam Phillips said the new Consumer Protection and Markets Authority (CPMA), which will share the FSA's responsibilities with the Bank of England, reflected the new bipartisan political awareness that "there has to be tighter regulation in the consumer space".

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Carve-Up of the Fsa 'Risks Protection of Consumers'

The consumer panel, created by the FSA as an independent watchdog of regulation, and set to survi...

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