• UK Financial Services Authority to be Abolished
  • June 28, 2010 | Author: Neil Macleod
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • As has been widely reported, on 16 June 2010, the UK Chancellor of the Exchequer outlined his vision for the future regulatory architecture of the UK financial sector. He used the opportunity of the annual address that the Chancellor gives to the Lord Mayor’s banquet at the London Mansion House to confirm, for the first time since the General Election last month, that the Financial Services Authority (“FSA”) is to be abolished.