Financial Services Authority (FSA)
End of the line. All change
The Financial Services Authority has released an update to CP171, its consultation paper on conflicts of interest within investment research. Now its impact on the future of credit research is becoming clearer, as Hardeep Dhillon discovers.
Mind the gap
UK mortgage lenders are grappling with Basel II. But there are still concerns about a credit risk management gap between the large and small lenders.
UK Treasury publishes paper on implementing EU CAD in the UK
The UK Treasury yesterday published a consultation paper on how the European Union's Capital Adequacy Directive (CAD) can be best implemented within the UK and the EU as a whole.
FSA chairman headed for showdown with US regulators
Callum McCarthy, the new chairman of the UK's Financial Services Authority, is to visit the US later this week to meet Roger Ferguson, vice-chairman of the Federal Reserve.
Gay Evans is new head of the Joint Forum
Gay Evans, director of markets at the UK Financial Services Authority (FSA), will in January 2004 take over as chairman of the Joint Forum, a group of experts working under the umbrella of the Basel Committee on Banking Supervision, the International…
FSA chief hits out at structured products
Financial Services Authority (FSA) chairman Callum McCarthy has warned of the dangers of banks selling complicated financial products to customers who do not fully understand them.
FSA chief hits out at structured products
Financial Services Authority (FSA) chairman Callum McCarthy has warned of the dangers of banks selling complicated financial products to customers who do not fully understand them.
Regulation to hit UK insurers for £15bn with little tangible gain
New risk-based regulation will cost the UK insurance industry between £10 billion and £15 billion, with tangible benefits measured at less than £1 billion, according to a cost-benefit analysis conducted by the UK's chief financial watchdog, the Financial…
Regulation to hit UK insurers for £15bn with little tangible gain
New risk-based regulation will cost the UK insurance industry between £10 billion and £15 billion, with tangible benefits measured at less than £1 billion, according to a cost-benefit analysis conducted by the UK’s chief financial watchdog, the Financial…
FSA director to chair Joint Forum
UK financial regulator the Financial Services Authority’s director of markets, Gay Huey Evans, will take over the chairmanship of the Joint Forum in January. She succeeds José María Roldán, general director of financial regulation at the Bank of Spain,…
Self-regulation: Speak no evil
In an effort to head off any attempts by regulators to mount Spitzer-style investigations into credit research, banks under the aegis of the BMA are formulating proposals to self-regulate.
FSA issues conglomerates rules, warns of more EU regs to come
The UK's Financial Services Authority's (FSA) new chairman, Callum McCarthy, has warned financial executives about the "severe strains" UK-based financial institutions will face in implementing new regulations from the EU during 2004 and 2006.
Insurers must do better - FSA
A new study by the UK's Financial Services Authority into risk management at insurance firms concludes that, although practices are improving in general, there is a long way to go before insurers are at the same standard as other types of financial…
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.
FSA warns of treasury management flaws
LONDON - The Financial Services Authority, the UK regulatory body, has highlighted key areas of weakness in UK treasury management following a survey of banks and building societies.
Sponsor's article > Implementation pulls in the punters
The UK's Financial Services Authority (FSA) was planning an intimate get-together at London's Café Royal to discuss Basel implementation. But massive interest meant a change of venue to accommodate the 500 people who eventually came.
FSA official slams UK banks' preparedness for Basel II
UK banks are further behind in their preparations for Basel II than the UK's Financial Services Authority expected them to be, said Ian Tower, head of the risk review department of the prudential standards division of the regulator at a London conference…
FSA study shows wide gap in firms' op risk frameworks
LONDON - In late July, the UK's FSA published a study of the practical implementation challenges that financial firms face when putting together an op risk infrastructure.
ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC - US regulators are determined to go their own way when it comes to implementing Basel II, according to the government's ANPR, published in mid-July.
CP189: the FSA yet to clarify rules for key op risk issues
LONDON - UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards,…
Op risk still at an early stage, says FSA
Operational risk remains at an early stage of development compared with other areas of risk management, a review by the Financial Services Authority (FSA), the UK regulator, has found.
Op risk still at an early stage, says FSA
Operational risk remains at an early stage of development compared with other areas of risk management, a review by the Financial Services Authority (FSA), the UK regulator, has found.
FSA shakes up capital rules for UK insurers
The UK's main financial regulator, the Financial Services Authority (FSA), has released proposals for a shake-up of its capital regime for non-life insurers.