Former Bank staff sceptical on FSA split
Former Bank of England officials are unconvinced that plans announced Wednesday to disband the UK's Financial Services Authority (FSA) and place prudential supervision within the ambit of the Bank will better safeguard financial stability.
Michael Foot, the chairman of Promontory Financial Group (UK), a consultancy, who is a former managing director of the FSA and executive director of the Bank, told CentralBanking.com: "Not enough people saw the crisis coming and that would not necessarily have
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