Law Review: Alex Aldridge – political point scoring is no way to reform financial regulation

Dear chancellor, political point scoring is no way to reform financial regulation

Alex Aldridge in the Guardian: George Osborne’s merger plans for the Financial Services Authority and Bank of England are no safeguard against future economic crises

“Shuffling the deckchairs” is the phrase that invariably crops up when you talk to City lawyers about the imminent overhaul of the UK’s framework of financial regulation.

George Osborne‘s view is that separating the Financial Services Authority from the Bank of England was central to the 2008 global economic meltdown. Few agree. Certainly, the chancellor’s plan to effectively merge the FSA and the Bank, and then stick what’s left over into a mixture of existing and new bodies, is no safeguard against future economic crises.

2 thoughts on “Law Review: Alex Aldridge – political point scoring is no way to reform financial regulation

  1. Whether it’s proposals on fiscal reform or family policy, I keep getting the eery feeling that there’s lots of movement but no direction….

  2. sobk 13 – a large round of applause for that beautiful distinction! this is a collection of chickens who feel that running around clucking is an end in itself.
    (apologies to any chickens out there)

    so are we at all woried about the half million public sector jobs going? you know – those people who are basically like us. except of course they won’t have homes because if they remain unemployed they won’t get enough housing benefit to stay in them. nice touch. the 80s are back. she may be 85 but the bitch is in heat again. if those chilean miners were british they would have gone straight back underground.

    come on charon … still kinda keen on these guys? (teasing ya cos i love ya!)

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