Archive for FSA

Financial system still a mess say MPs

Nearly two years on from the collapse of Northern Rock financial regulation in Britain “remains in a muddle” according to a damning report.

MPs take FSA to task over Dunfermline

City regulator failed to warn about risks in the mutual and did not provide adequater supervision claims parliamentary committee.

FSA lambasted by MPs over handling of Dunfermline Building Society collapse

Chief financial regulator Financial Services Authority rejects MPs’ criticism that it failed to adequately warn Scotland’s biggest mutual.

City traders face greater scrutiny under new FSA rules

Thousands of traders in the City of London face greater scrutiny and possible fines from next month under new rules developed by the Financial Services Authority FSA.

Proprietary traders should welcome tougher FSA tests

Proprietary traders have become one of the bêtes noirs of the financial crisis. But it looks like these highrollers in the investment banking casino will get a relatively easy ride in the UK’s new regulatory regime.

FSA urged to clarify concert party rules

Leading institutional investors are in discussions with the Financial Services Authority over the amendment of “concert party” rules that prevent shareholders from talking to each other about issues affecting their investments.

Sir James Sassoon: why I told the Tories to scrap the FSA

The author of the Conservatives’ blueprint for a shakeup of the financial system is interested in more than scoring political points.

Lord Sharman peers into the future of finance

Aviva chairman expects another round of insurance industry consolidation.

Savers in failed banks to get cash back in seven days

Savers in a collapsed bank or building society will have their money returned within seven days under changes to the deposit protection scheme.

Bank reform hurt by political row says Lord Turner

Uncertainty is the fallout from alternative visions says FSA chairman.

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