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The FSA got us into this mess; it can get us out
The Tory vision will not guarantee better regulation or better consumer protection. If the Conservatives win the general election, the Financial Services Authority will be the one to carry the can for its part in the banking crisis.
The Tories want a split regulatory system, with the Bank of England returning to regulate the banks and a new Consumer Protection Agency to safeguard the interest of the consumer. The FSA will be no more.
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