External Auditor's Role in Bank Regulation and Supervision: Comparative Analysis involving The UK, Germany, IItaly and the United Statess

The Financial Services Act 2012 ('the Act') introduced: "important changes to the regulatory framework of financial services in the United Kingdom, many of which affect the Bank of England. The Financial Services Authority (FSA), which was previously responsible for regulation of financial firms from both a 'prudential' and 'conduct' perspective, will cease to exist." See Bank of England Quarterly Bulletin 2013 Q1, page 20 Even though immense changes have taken place since 2008, this public...