UK financial regulatory reform supports SA Reserve Bank

George Osborne, Chancellor in the UK conservative-liberal coalition government, announced, on 16 June, the end of the existing, apparently ineffective, tripartite arrangement for financial regulation, implemented over a decade ago, in favour of a twin peaks approach*. The powers of the Bank of England will be significantly increased.

Click to view a presentation which outlines the UK Government’s plans to reform the institutional framework for financial regulation in order to avoid a repeat of the financial crisis.