Tory report backs greater BoE role
A report commissioned by the opposition Conservative Party in the United Kingdom has suggested that the tripartite system for financial stability, involving the Bank of England, the Treasury and the Financial Services Authority (FSA) has failed and should be overhauled.
The report, which was authored by James Sassoon, a former managing director of financial regulation at the treasury, and commissioned by George Osborne, the finance spokesman for the Conservatives, fleshes out in greater detail
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