High-street fighting brands

The announcement by the Conservatives they would put regulation of the banks back in the hands of Bank of England if they win the next election was greeted with general approval by most who commented.

There is no doubt in previous generations that a quiet word from someone senior at the BoE behind closed doors was a very productive way of heading off a number of crises. A survey of advisers last week by Incisive Buzz found 87% thought the Bank should have sole responsibility for the regulation of this part of the market, and if this becomes the case under the Conservatives, where does that leave the FSA? The suggestion is that the FSA would be scrapped, or that was the knee-jerk hope of many advisers who see the FSA as the root of all evil for the advisory sector. There is no do...