Hector Sants, the chief executive of the
Financial Services Authority, delivered a speech today in which he explained the operation of the twin peaks model of regulation, which the FSA will be adopting from 2 April 2012: see
here. Mr Sants also explained the further work the FSA will be undertaking in preparation for the dismantling of the FSA and the creation of the Prudential Regulation Authority and Financial Conduct Authority.
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