Quote Originally Posted by InsaneApache View Post

Who took financial control from the Bank of England and gave it to the FSA?
I would disagree with that being wrong, often central banks can have a problem in that there supposed to watch systemic risk AND regulate the products they sell like mortgages etc etc. Sometimes central banks can forget the consumer interest in the defence of the overall banking interest, hiving off various types of regulation can be a good idea as then the central bank is purely about systemic risk.