Rainbow over Canary Wharf
The vast monolith of the Financial Services Authority throws the shadow of a watchtower over the City.It regulates big firms and small, banks and IFAs, insurance groups and mortgage brokers, dishing out discipline to rule-breakers. Yet, somehow, despite its conscientiousness and zeal, the $1 trillion credit crunch came along unnoticed.
First aired: Mon, 01/12/2008 - 08:08
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