Election uncertainty clouds future of FSA, Bank

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Consensus on the likely outcome of the looming British election is impossible. Opinion is also divided on whether the Conservative Party's pledge to return financial regulation to the Bank of England would be a wise move.

If it can secure the 326 seats required for an outright parliamentary majority, the party has promised to abolish the Financial Services Authority (FSA), which it has called a "failed institution." Most of the FSA's regulatory responsibilities will be returned to the Bank of En

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