Call for FSA successor to split consumer and markets arms

It wants the UK to create a separate securities regulator that combines market supervision, setting listing standards and oversight of corporate reporting and governance. FRC chairman Lady Hogg writes in the Financial Times that this alternative would serve London and the investing public better than the government's current plan to split up the FSA in 2012. The coalition's proposal seeks to return bank supervision to the Bank of England, creating a Consumer Protection and Markets Authority and combining the FRC and the UK Listing Authority. However, many traders and brokers worry ...