Less Financial Regulation, Not More: Director

Wednesday, 17 Jun 2009 | 6:45 AM ET

The Adam Smith Institute thinks that the powers of the FSA should be curbed to match its competence. â??Banks are like members of Parliament â?? none of them have actually broken the rules, but weâ??ve got a system that stinks,â? Eamonn Butler, director of the Adam Smith Institute, told CNBC.