Heads Should Roll At The FSA- Cable.

0 Comments | M2 Presswire, January, 2008

M2 PRESSWIRE-30 January 2008-Liberal Democrats: Heads Should Roll At The FSA- Cable(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:30012008

Commenting on today's statement on financial regulation following the collapse of Northern Rock, Liberal Democrat Shadow Chancellor, Vince Cable said:

"After the Treasury Select Committee report concluded that the FSA was guilty of systematic failure'over Northern Rock,it is baffling thatthe Chancellor now seems intenton giving ita bigger role, rather thanthe Bank of England.

"The Government should be firing thechair of the FSA, not givingthis failed regulatormore responsibility. Immediately after being reappointed as Governor, Mervyn King is being undermined because powers are being shifted...