Posts Tagged ‘Banking Crisis’

John Griffin

Now that the Financial Services Authority (FSA) is no more, it is likely that it will mainly be remembered for one thing: presiding over the near-meltdown of the UK’s banking system.  It didn’t rein in the banks, and arguably even encouraged the explosion in the City in the mid 2000s, with its feather-light touch approach to regulation.  To be fair, though, none of the so-called regulators around the world came out of the crisis (if, indeed, we are out of it) smelling of roses. Read more »

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