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Financial Services Authority (FSA)

Responsible for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. Its board was appointed by the HM Treasury, although it operated independently of government. It has later been replaced by the Bank of England and the Twin Peaks regulatory structure.

Below is an illustration of the old regulatory structure brought through by Gordon Brown, where the FSA were in sole control of regulation and supervision.

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