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Page last updated at 20:57 GMT, Sunday, 19 July 2009 21:57 UK

Tories would scrap 'failed' FSA

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A Conservative government would abolish the Financial Services Authority and hand regulation back to the Bank of England, George Osborne has confirmed.

The plan is part of detailed proposals for a new banking regime, which would strip the watchdog of its function and relaunch it as the Consumer Protection Agency.

Joe Lynam reports.

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