Economics, Econometrics and Finance
8 years ago

UK financial markets revolutionized with new single regulator and clear rules.

Cambridge University Press eBooks
The liberalisation of financial markets: the regulatory response in the United Kingdom
Eilís Ferran

Paper Summary

The United Kingdom changed its financial regulations in 2001 with the Financial Services and Market Act 2000. Instead of multiple agencies overseeing finance, the Financial Services Authority became the sole regulator. The new rules put financial regulation on a clear legal basis, giving the FSA strong powers to enforce them.

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