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ABI responds to further financial stability consultation

Responding to the Treasury's further consultation on financial stability and depositor protection, released today, Peter Vipond, Director of Financial Regulation at the ABI, (Association of British Insurers) commented:

"It is vital that any change in legislation should not undermine the FSA's role of supervising financial institutions and promoting financial stability. There has to be clarity in the roles of the Treasury, the FSA and the Bank of England.

"Depositor protection is an important element in restoring confidence and making payments faster and raising awareness of the protection available will help. However, the best form of depositor protection is top-class supervision."


Last updated 01/07/2016