Financial Regulatory Forum

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 watchdog says time short for big change

July 23, 2009

    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. 

UK financial watchdog issues bonus warning

July 21, 2009

    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.

UK’s FSA says new liquidity rules hinge on economy

July 9, 2009

   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.

UK’s FSA to expose banks’ complaint handling flaws

July 9, 2009

   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.

UK market regulator plans bigger fines, link to income

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 unveils new structure to beat bank crises

July 2, 2009

Hector Sants, chief executive of the Financial Services Authority (FSA)   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.

UK lawmakers query FSA role of BoE’s Miles

July 2, 2009

David Miles    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.

UK’s FSA warns banks of trading book capital hikes

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…)