Alistair Darling set to boost FSA’s powers with new Banking Act Treasury insiders today denied that plans by Alistair Darling to extend the role of the Financial Services Authority in policing banks and the financial system would risk sparking conflict between the FSA and the Bank of England.  Officials confirmed that a new Banking Act planned by the Chancellor for this autumn will give the FSA a wider remit encompassing the overall stability of the financial system, extending beyond its present powers over individual banks.