Treasury warns Clark is too biased for FPC

By 2012, the Financial Services Authority (FSA) will be dismantled. In its place, the sector will be regulated by the Financial Policy Committee, the Prudential Regulatory Authority (PRA), and the Consumer Protection and Markets Authority (CPMA). Clark has been appointed as a member of the FPC in the interim period, whilst the body has no legislative power. However, the TSC has already expressed concern over his role on the FPC, seeing him as a government "insider". In a statement the TSC said FPC members should ensure a diverse range of experience and views contribute to creating ...