Tories plan to abolish FSA

He will also announce Tory plans to impose "dynamic provisioning" rules that force banks to beef up their reserves in boom times.   The Conservative "White Paper" on City regulation will call for the Gordon Brown's tripartite system to be dismantled, saying it led to the botched response to the financial crisis. The Tories believes the FSA's powers should largely be transferred back to the Bank of England, echoing the pattern in the US where the Federal Reserve is emerging as the super-regulator. A main thrust of Tory policy will be to bring spending under control including reassessing...