Financial Services Authority (FSA)
Road to transition
For a moment it looked as if the post-crisis drive for reform was losing momentum. But the Basel Committee on Banking Supervision has established working groups to keep the industry focused, and to propose ways to keep moving forward
City operational risk exec salaries rising
Demand for operational risk management experience is pushing up salaries.
FSA surprises UK banks with tougher stress tests
Operational risk to be included in future stress tests by the UK regulator.
EU struggles with cross-border crisis rules
Senior regulatory figures speak out on future legislation at a Brussels conference
UK building societies fear new FSA guidance impedes competition
Sector fears new rules will make it harder to compete
RBS creates task force to drive AMA standard
RBS has launched on an efficiency drive to boost operational risk data collection and save money
Remuneration: it's payback time
Disgruntled taxpayers and their political representatives are set on revenge, making bankers pay for their mistakes through compensation taxes and restrictions. But a more constructive approach will be needed to sustainably reform such a complex and…
Where there’s a will…
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn up do not exist. Joel Clark reports