UK watchdog warns of legal risk in new financial markets


LONDON -- Financial firms must analyse carefully the legal risks associated with innovative and fast-developing financial markets, because companies may be relying on specific legal opinions in areas where there may be limited case law and judges’ rulings may be harder to predict.

The Financial Services Authority (FSA) -- the UK’s chief financial watchdog -- said it had in mind growing sectors such as credit derivatives markets, securitisations, netting and structured capital instruments.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here