The UK breaks the FSA into two parts - the FCA, and the PRA.
The UK's Financial Services Act 2012 goes into effect today, (technically yesterday, April 1 2013, but it was the Easter Monday bank holiday in the UK), whereby the UK's financial regulator the FSA is being broken into two parts -- the FCA, or Financial Conduct Authority, and the PRA, or the Prudential Regulation Authority.
What does this mean for FX, CFD and Spreadbetting brokers in the UK? How about for banks, insurers and large investment managers? Are two heads indeed better than one? For more details see LeapRate's Forex Industry News at leaprate.com.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.