Rolet supports the City’s new banking regulatory structureXavier Rolet, the London Stock Exchange’s chief executive, has voiced support for the new regulatory structure in the City of London. He said that: “The London Stock Exchange appreciates this strong decision from the Government; the City was looking for leadership and certainty on the issue of financial regulation.”Yesterday, the UK chancellor George Osborne announced that oversight of the City would pass from the Financial Services Authority to the Bank of England. The FSA will essentially become a consumer protection agency.Rolet said that: “We believe that the Bank of England is the right place for the macro-prudential regulation of the economy, the regulation of...