The plans for dividing the Financial Services Authority (FSA) – the UK watchdog in charge of forex brokers among everything else, into several regulators have been around for at least three years, as the British authorities have been trying to plug the regulatory loopholes that contributed to the 2007 bank crisis. It's done: from today, the FSA effectively ceased existing, as it has been split into the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The big question is how will this regulatory move affect the fortunes of the forex sector? The Three Magic Letters: F.C.A. A video on the ... (full story)