FSA, Swiss Regulator Launch Joint UBS Probe
Saturday, 17 September 2011 | 
Finance - Banki...
The City regulator and its Swiss counterpart are to launch a joint probe into the alleged rogue trades which have cost UBS an estimated £1.3bn. The Financial Services Authority and Finma will announce the joint investigation shortly.
UK Financial regulation - from Tripartite to ‘Twin-peaks’
Wednesday, 2 March 2011 | Risk - Research
Financial Regulation: a preliminary consideration of the Government's proposals
The Treasury Committee
Seventh Report of Session 2010-11
Volume I
Don't interfere, Lord Turner FSA warns new European regulator - three European Supervision Authorities (ESA)
Monday, 20 September 2010 | European Affairs
Britain's top financial regulator has issued a warning to Europe not to interfere in the running of the UK's financial markets. Lord Turner, chariman of the Financial Services Authority (FSA), said it was "vitally important" that European financial supervisors did not intervene directly in the running of individual countries' markets. "We are clear the fundamental process of supervision has to occur where expertise is, with the national authorities," said Lord Turner.
As Britain prepares to junk the FSA, some in the City still believe the market knows best
Saturday, 11 September 2010 | Finance - Banki...
A blog published by QFINANCE yesterday Ian Fraser discusses the end of days of FSA. "There is no denying that the transition from the FSA's failed approach to the coalition government's proposed alternative is fraught with danger. However I, for one, am a little surprised that the FSA still has cheerleaders in the City."
Bank of England to Keep FSA as Subsidiary?
Monday, 14 June 2010 | Finance - Banki...
Britain's Finance Minister George Osborne is set to detail plans this week to keep part of the Financial Services Authority (FSA) as a subsidiary of the Bank of England, the BBC reported on Sunday.
" .....in his Mansion House speech to London's financial centre or City on Wednesday, Osborne will set out proposals to keep the part of the FSA which overseas financial markets, as a formal subsidiary of Britain's central bank,
the BBC's Robert Peston said.
The FSA had faced closure under initial proposals from the Conservative Party -- lead partners in the new governing coalition -- to hand responsibility for dealing with the day-to-day supervision of banks to the Bank of England.
source: the BBC
UK FSA Confirms Probes Into Major UK Bailed-Out Banks
Friday, 11 June 2010 | Finance - Banki...
The U.K.'s Financial Services Authority is conducting " supervisory investigations" of the major UK banks which failed or required taxpayer support during the financial crisis, the regulator said in its annual report for 2009-2010, published Thursday.
The FSA said the investigations, which "are necessarily complex and time consuming" will help it learn lessons from the crisis but could result in penalties and disciplinary action against senior executives of these banks.
Michel Barnier introduction date for the new directive put back from October 2012 to 31 December 2012
Thursday, 6 May 2010 | Finance - Banki...
SOLVENCY 2
Speaking on Tuesday 4 May in BXL at a hearing on the EU's Solvability II Directive (2009/138/EC) revising the surveillance system for insurance and re-insurance (see EUROPE 9887), EU Internal Market Commissioner Michel Barnier said that very few insurers' tax years end on 31 October and he therefore wants the introduction date for the new directive to be put back from 31 October 2012 to 31 December 2012 in order to bring it into line with the end of most insurance companies' tax years (31 December). The review of the Solvability II Directive will be part of the draft "Omnibus II" legislation expected to be unveiled in June 2010 to amend several pieces of financial services legislation to incorporate changes set out in the EU financial supervision package.
Finance - Banking - Supervision's blog | 
11 comments | Comments | 
Tags: Barnier, Breedon, Commission, FSA, Omnibus 2, S2, Solvency, Solvency 2, Solvency II
FSA to recruit 460 new staff to beef up regulatory powers
Thursday, 18 March 2010 | Finance - Banki...
City watchdog the Financial Services Authority (FSA) today unveiled plans to hire 460 new staff this year as it looks to toughen up supervision of the financial sector.
FSA publishes Financial Risk Outlook 2010
Wednesday, 10 March 2010 | Finance - Banki...
The Financial Services Authority (FSA) today published its Financial Risk Outlook (FRO) outlining the main risks and issues present in its operating environment, affecting firms, markets and consumers.
Hector Sants to stand down as chief of City watchdog FSA
Tuesday, 9 February 2010 | Finance - Banki...
Hector Sants is to step down as chief executive of the Financial Services Authority this summer after three years in the job, it was confirmed this morning.
Mr Sants, who joined the City watchdog iin May 2004 as managing director of wholesale and institutional markets, said that he had always only intended to serve three years in the post.
News of his departure comes amid speculation that the Conservatives, if elected, would want Mr Sants to become a deputy governor of the Bank of England.
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