Key Features and Implications of the Financial Services Act 2010

摘要

Despite then fact that the new UK Coalition Government has announced its intention to dismantle the Financial Services Authority (FSA) the Financial Services Act 2010 is important in that it expands the current four objectives of the FSA; makes amendments to the Banking Act 2009; creates an extension of the Financial Services Compensation Scheme; and makes an enhancement to the Treasury and FSA powers. The significance and implications of these various new provisions are addressed in this paper.