Conservative Party plans new UK financial crime regulator
LONDON - The UK Conservatives plan to scrap the Serious Fraud Office (SFO) to create a new financial crime regulator. The new City crime watchdog would be called the Financial Crime Agency (FCA) should the UK opposition party win elections next year, according to The Times. The plan would represent a regulatory overhaul when taken together with Conservative shadow chancellor George Osborne's July policy pledge to fold the Financial Services Authority (FSA) if his party stays ahead in the polls
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