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CITY VIEWS: IS IT FAIR THAT THE FINANCIAL SERVICES AUTHORITY WILL GO?

Marion Dakers
RICHARD THOMSON | BROADCAST BUSINESS
“I think it hasn’t done what it set out to do in 1997. Just look at the disasters it has had in the last few years. I think the Bank of England is the natural place for the FSA’s powers to go, but it’s too early to say whether it will do a better job.”

JULIA MORGEN | SANTANDER
“It’s not surprising that the FSA is going. Things were always going to be different under the new government, and this is a big change that helps them make their mark on things. It’s probably just the first of many changes. I don’t have a problem with the Bank of England having a concentration of power – providing it does the job properly. ”

STUART DUNCAN | RETIRED TIMBER MERCHANT
“I think the FSA has done a very good job, and it’s a real shame to see it go. It’s hardly surprising that the new government has stepped in and made big changes in the first few weeks. It’s fairly logical, to get the Bank to do a similar job for less money. I’m not unhappy about Mervyn King having more powers.”