FSLRC and consumer protection

Late last week, the Financial Sector Legislative Reforms Commission, or FSLRC, released its two-volume report. In the aftermath of the global financial crisis, financial regulation, especially consumer financial protection, has undergone significant changes. The United States set up the Consumer Financial Protection Bureau in July 2011. Across the Atlantic, the Financial Services Authority is being split into the Prudential Regulation Authority and the Financial Conduct Authority.

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