Financial Regulatory Forum

UK bank supervision reform prolongs muddle -parliament panel

By Reuters Staff
July 31, 2009

By Huw Jones
LONDON, July 31 (Reuters) – British government plans to revamp banking supervision fail to end a muddle over who is in charge and reform of the country’s top market watchdog falls short of what’s needed, a group of UK lawmakers said on Friday. (more…)

UK managers, traders to face greater scrutiny – regulator FSA

July 27, 2009

LONDON, July 27 (Reuters) – The UK financial services regulator confirmed on Monday that senior managers and traders could face greater scrutiny than in the past, under an extension to its existing rules.

UK market regulator plans bigger fines, link to income

By Reuters Staff
July 6, 2009

British Financial Services Authority Chairman Adair Turner

 By Myles Neligan  
 LONDON, July 6 (Reuters) -  Britain’s Financial Services Authority (FSA) plans to triple some of the fines it imposes on financial sector wrongdoers as part of a crackdown on offences such as mis-selling and insider dealing. 
 The bigger fines are designed to deter firms and individuals from breaking market rules by making the costs of doing so prohibitively high, the FSA said in a statement.

UK’s FSA warns banks of trading book capital hikes

By Reuters Staff
June 30, 2009

  By Huw Jones   Adair Turner, chairman Britain's Financial Services Authority

  LONDON (Reuters) – Britain’s banks will have to set aside far larger amounts of capital to cover trading risks in future, the country’s top financial watchdog said on Tuesday in a move backed by Europe’s top bank. (more…)