An FSA spokesman said the regulator would "consider the report's findings and recommendations in detail", adding the FSA had put in place "a completely new model of supervision since the financial crisis".
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Police are trying to find the driver of the car following the incident in Kingfisher Close, Brownhills.
An unnamed man died at the scene, while a woman was pronounced dead after being taken to St George's Hospital, Tooting, south-west London.
Eastern areas will see a few showers coming in on the northeasterly breeze