No to EU, yes to supervision role for BoE
The idea of a greater role for European Union regulation of United Kingdom's financial services must be resisted, said Sir Martin Jacomb, a former external director of the Bank of England, in a new report from the Centre for Policy Studies, a think tank.
Sir Martin also said that the Financial Services Authority should become a subsidiary of the Bank and its relationship with the Bank should be similar to that of the Monetary Policy Committee (MPC). He said that the responsibility for the
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