Inadequate regulation was a major factor in what went on leading up to the banking crisis so it was interesting to read this:
Quote:
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A powerful new "financial policy committee" (FPC) at the Bank of England has been unveiled by the government. It will oversee the government's new system of regulators, set to replace the Financial Services Authority (FSA).
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http://www.bbc.co.uk/news/business-12495112
Let's hope it's a bit more efficacious than Hector Sants' chocolate teapot.