Transition for 2012 will prove tricky, FSA officials acknowledge
It will be "very difficult" for officials to ensure Britain's new regulatory architecture is ready by 2012, Hector Sants, the chief executive of the Financial Services Authority (FSA), has acknowledged.
The British government said in June that it planned to disband the FSA, re-house prudential regulation within the Bank of England, and create a new consumer protection authority, the Consumer Protection and Markets Authority (CPMA), by 2012.
Sants on Tuesday affirmed that the transition would be
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