Bank of England gets Financial Services Authority roles

Help

The government plans to scrap the Financial Services Authority and hand most of its powers to various Bank of England committees.

David Thompson spoke to the Treasury Select Committee's past chairman Lord McFall and current chairman Andrew Tyrie MP looking back to previous problems and if asking if the FSA replacements were any more likely to protect the public.

MORE FROM THE DAILY POLITICS

More clips and news on our BBC website; 'like' us on Facebook page; follow us on Twitter

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.