Mark Hoban, the City minister, will use a speech to an audience of top bankers and business leaders tomorrow to flesh out the coalition's plans to tear up Labour's regulatory system and disband the FSA.
The address will mark the beginning of a hectic 48 hours for the Treasury, as the coalition Government sets out its policy agenda for business before the summer recess, which will also tackle the drought in bank lending and efforts to reform the tax system, writes the Guardian. The initial focus will be on City reform, where the coalition's plans to hand sweeping new powers for bank regulation to the Bank of England have not met with universal support and have raised concerns about whether the FSA will continue to be able to effectively police the City in the two years before it is shut ...
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