The BBC reported over the weekend that City Watchdog, the Financial Services Authority (FSA), will be retained – as a subsidiary of the Bank of England.It was expected that the watchdog would be axed under initial proposals from the Conservative Party.However, according to the BBC, Chancellor George Osborne will unveil plans later this week to [...]

More: FSA to survive despite previous coalition plans to scrap

The FSA may have its flaws but they do valuable work to protect the consumer in an industry notorious for trying to institutionalise financial exploitation. I'd be interested to hear what you would suggest to change about them, or who would replace them.