Tuesday, July 27, 2010

Government looks at merging FRC and FSA


Accountancy regulator could be merged with Financial Services Authority

The government has proposed merging the UK's listing authority, the Financial Services Authority, with the Financial Reporting Council, the body that regulates the accounting profession and financial reporting in the UK.

The proposal comes in a paper published by The Treasury today as part of proposals for sweeping reform of financial regulation in the UK.

See full Artcle.