Financial Services Authority (FSA)
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.
FSA publishes Basel II/CAD implementation consultation
The UK's Financial Services Authority published its 'Report and first consultation on the implementation of the new Basel and EU Capital Adequacy Standards' in early July.
Euronext.liffe struggles with regulatory harmony
Regulation from continental Europe has acted as a "straightjacket" around Euronext.liffe’s efforts to bring all its derivatives products together on a single electronic trading platform, according to Nick Weinreb, head of group regulation at Euronext…
Basel II: a continental rift
The Basel Committee envisaged an Accord that would be applied to all the world's banks to create a 'level playing field'. But the recent fracas between the US and the EU over implementation threatens this goal.
Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
US-UK regulators clash over Basel II implementation
Last week, senior executives from the US Federal Reserve and the UK Financial Services Authority clashed over the differing implementation plans for the Basel Accord revisions in a pair of speeches delivered to two financial industry trade organization…
City firms focus on business continuity as Iraq war increases terrorist threat
The threat of terrorist attacks in response to US and UK military intervention in Iraq has highlighted the need for financial institutions operating in the UK to have suitable business continuity arrangements, a senior UK regulator said in March.
FSA and BBA lose key staff
LONDON - Both the Financial Services Authority (FSA), the UK's financial regulator, and the British Bankers Association (BBA), a major industry association, have lost key operational risk staff.
New FSA chairman appointed
A new chairman of the UK's Financial Services Authority was announced yesterday by Chancellor Gordon Brown.
No change to retail hedge fund regulations, says FSA
The Financial Services Authority (FSA), the main UK financial services regulator, has said it will not change regulations relating to the marketing and distribution of hedge funds to retail investors in the UK.
No change to retail hedge fund regulations, says FSA
The Financial Services Authority (FSA), the main UK financial services regulator, has said it will not change regulations relating to the marketing and distribution of hedge funds to retail investors in the UK.
FSA releases operational risk feedback
London - The Financial Services Authority (FSA) should continue issuing operational risk guidance rather than rules, according to the majority of respondents to the UK regulator’s July 2002 consultation paper on operational risk.
Why risk IT?
Ever more complex investment risks with crushing liability factors and increased client scrutiny demand new and highly sophisticated technology, says Adrian Pay of LatentZero.
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
What's coming, and when
This article covers significant dates over the next couple of months from an international, European, UK and US regulatory perspective.
Basel Committee Releases New Operational Risk Sound Practices Paper
The Risk Management Group of the Basel Committee on Banking Supervision today released the final 'Sound Practices for the Management and Supervision of Operational Risk'.
UK FSA announces own conflict-of-interest rules for banks
Today the UK's Financial Services Authority (FSA) has released Consultation Paper 171, designed to address conflict-of-interest issues and bias in analyst recommendations.
ORIAG paper published on FSA website
The Operational Risk Implementation Advisory Group (ORIAG), which is chaired by the UK's Financial Services Authority (FSA), has posted its working paper, "Implementation of the Capital Accord for Operational Risk" on its website.
FSA calls for firms to keep business continuity a priority
The UK's chief financial watchdog, the Financial Services Authority (FSA), has called on the 12,000 firms it regulates to keep business continuity as a priority.
FSA calls for firms to keep business continuity a priority
The UK’s chief financial watchdog, the Financial Services Authority (FSA), has called on the 12,000 firms it regulates to keep business continuity as a priority.
FSA clarifies research standards issues
The UK Financial Services Authority (FSA) has issued new and wide-ranging guidelines for investment banks related to their publication of research in new issues of securities.
Tiner defends insurance margin changes
In a speech today to the Westminster & City Twentieth Anniversary life insurance conference, the Financial Services Authority's John Tiner sought to clarify a letter, released last Friday, that relaxed the solvency regime for UK life assurers.
FSA decision prompts tightening for insurers' credit spreads
The cost of protection for the European insurance sector has tightened by up to 15bp in trading this week following a decision by UK regulator, the Financial Services Authority (FSA), to ease regulatory solvency requirements for individual life assurers.