Financial Regulatory Forum

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.

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    LONDON, July 23 (Reuters) – The “green shoots” of recovery must not distract regulators from pushing ahead with the radical changes needed to make markets safer again, Britain’s top financial supervisor said on Thursday. 
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    LONDON, July 20 (Reuters) – Britain’s financial watchdog has warned banks that guaranteed bonuses that last longer than a year will break proposed rules on remuneration due to come into force next January.
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   By Kirstin Ridley
   LONDON, July 9 (Reuters) – Britain’s top financial watchdog said on Thursday it was on track for introducing tough new liquidity rules for banks from the fourth quarter, but full implementation would depend on the economic climate.
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   LONDON, July 9 (Reuters) – Britain’s financial regulator plans to expose any failings in the way banks and insurers handle complaints by forcing them to reveal how many gripes they receive and how quickly they are dealt with.
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 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.

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   LONDON, July 2 (Reuters) – Britain’s Financial Services Authority, the country’s financial market regulator, on Thursday unveiled a new structure designed to help it tackle banking crises more effectively.
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    LONDON, July 2 (Reuters) – British lawmakers backed the appointment of David Miles to the Monetary Policy Committee on Thursday but said they were worried about a possible conflict of interest from his role at the Financial Services Authority.
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  By Huw Jones   

  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…)