AIFA adds to calls to dismantle FSA

Publishing its report into the future of financial regulation today, the association has also called for the Bank of England to be given a more central role in managing macro-economic regulation. The report analysed the crisis and its build up, as well as a number of proposals to reform both the international and UK systems of financial regulation, to prevent such a catastrophic event from happening again. AIFA's director general, Chris Cummings, says we should not rush to implement new regulatory structures if better supervision will suffice, but the report suggests a break-up of the F...