Financial services authority (fsa)
The UK Financial Services Authority released its final guidance on retail structured products on March 23. The consumer protection document was released by the regulator ahead of more statements of extreme...
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Financial services authority (fsa) articles
Newly released thematic review finds weaknesses in systems and controls across the sector
Though little has changed since the FSA published draft guidance on structured products towards the end of last year, the newly released formal guidance contains an additional steer on the subject of stress testing
The UK Financial Services Authority has issued another massive document containing its thoughts on structured products and, notably, stating that its concerns about structured deposits are no longer critical
Dealers say they are willing to jeopardise client relationships by exercising break clauses that allow trades to be terminated early – and should receive capital relief as a result. But regulators need to be convinced. By Matt Cameron
The Basel Committee is planning to launch its long-awaited review of trading book capital rules within the next few months. It could redefine the boundaries of the trading book, seek to reflect market liquidity and also overhaul the current patchwork...
Distributors in the UK are getting anxious about increased regulatory pressure. The Financial Services Authority (FSA), for example, has already fined Santander £1.5 million for launching products that were not in line with its requirements. "It's...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.