The UK's New Regulatory Structure: A New Beginning, or Rearranging the Pieces?

The new UK coalition government announced that it will introduce legislation to disband the UK financial regulator, the Financial Services Authority (FSA), which was established by the previous government in 1997. Legislation will devolve the FSA's regulatory and supervisory powers to a variety of other financial regulatory supervisory bodies by 2012. Bob McDowall of TowerGroup reviews the impact of the prospective changes on financial services institutions.

Research Director, Europe

Bob McDowall is a research director working in TowerGroup's European headquarters in London. His research addresses the principal challenges and opportunities affecting the European banking, securities, and investment management markets.

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