Aranca Newstrack: Sleeping at the Wheel: Regulatory Overhaul in UK Financial Ind…

Aranca Newstrack: Sleeping at the Wheel: Regulatory Overhaul in UK Financial Industry Following a string of oversight failures that led to the collapse of Northern Rock, payment protection insurance and still-evolving Libor interbank rate-rigging scandals, the UK regulatory authorities are cleaning up their act. Early this week, the Financial Services Authority’s (FSA) supervision and consumer protection divisions were restructured into three separate regulators…

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