Financial Services Authority (FSA)
FSA's hedge fund supremo changes sides
The British Financial Services Authority has seen a number of its senior regulators leaving to join the ranks of the regulated, and the latest is Chris Rexworthy, who was responsible for setting up the Authority's hedge fund practice.
FSA warns on private equity
The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.
FSA issues hedge fund guidelines
In the latest development surrounding the regulation of hedge funds, the British Financial Services Authority (FSA) has issued guidelines clarifying its approach in four important areas of hedge fund regulation.
The future of UK regulation
In this speech, Dan Waters, director of Retail Policy at the Financial Services Authority, provides an overview of the main principles and applications of the authority's much-praised "principles-based" supervision.
FSA's inaction on split caps chided
The UK's Financial Services Authority (FSA) has been criticised for closing a five-year investigation into the split capital investment trust scandal without taking action against any individuals or firms.
Japan's FSA to monitor hedge funds
Japan's Financial Services Agency (FSA) said on Tuesday 1 May it will start to monitor hedge funds which operate in Japan.
FSA's McCarthy on challenges of Basel II
In the speech 'The challenge of Basel II for regulators' given on 18 September Callum McCarthy of the Financial Services Authority said that different regulators operate under very different legislative frameworks, and in very different political…
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
The FSA sharpens its claws
The UK Financial Services Authority has signed a new agreement with the City of London police, which enhances its ability to pursue corporate criminals.
Competing visions of EU regulation
At a conference in his honour at the London School of Economics, Tommaso Padoa-Schioppa and FSA chairman Callum McCarthy presented competing visions of financial regulation in Europe. Paul Brione reports.
Ghana- Bill against money laundering in the offing
An anti-money laundering bill developed by the Bank of Ghana, according to Ghanaweb, is intended to address the devastating economic, security and social consequences of money laundering.
Bank of Japan to begin share buying plan next week
JAPAN - Japan's shock move to purchase equities in a bid to solve the banks bad loans crisis will begin next week. Last week Japan's FSA brought further concern suggesting that the problem could have been underestimated by as much as Y13,000bn.
Regulating the City 'costs £1bn'
UK - The cost of regulating the City is at least £1bn and the benefits are completely unclear some months after the Financial Services Authority acquired its full powers, according to research.
Regulator warns about health of insurance industry
UK - The Financial Services Authority has warned that it is important for the long-term health of the insurance industry and clients that its capital base is strengthened.
FSA acts to tighten assurers' solvency reports
UK - The Financial Services Authority plans to tighten rules that were used by Equitable Life, the troubled mutual life assurer, to bolster its reported financial strength.
Sweden offers role model for UK financial watchdog
SWEDEN - Sweden offers role model for UK's financial watchdog - The FSA could learn from the experiences of the pioneering Nordic regulator, writes Christopher Brown-Humes in London FT, 4 December.
Investigator is prepared to expose City watchdog
UK - The newly appointed independent investigator of complaints about the Financial Services Authority is happy with her powers despite being unable to force the City watchdog to pay compensation.
Clementi-Basel Accord must avoid pro-cyclicality
UNITED KINGDOM - The world's banks and the financial system as a whole should make sure risk-sensitive capital requirements set out in the new Basel Accord don't aggravate cyclical economic downturns, Bank of England deputy governor David Clementi said…
Ex-central bank official to lead Ito-Yokado bank
JAPAN - Ito-Yokado Co Ltd, Japan's biggest retail group, said on Apr 10 it would appoint central bank veteran Takashi Anzai, 59, as president of its new IY Bank.
Low inflation: Implications for the FSA
RESEARCH - Ed Harley and Stephen Davies from the UK's Financial Services Authority have written a paper which considers the risks to the FSA's objectives arising from the move to the current low inflation environment in the UK. The authors conclude that…
FSA hosts major Basel conference-Apr 10-11
UNITED KINGDOM - The UK's Financial Services Authority is organising a two day conference in London on April 10-11 which will be a key milestone in the UK consultation on the revised Basel Capital Accord and the European Commission's proposals for…
ECB says central banks should keep oversight role
CENTRAL BANK RESEARCH - The European Central Bank on Mar 22, 2001 said that euro zone central banks should maintain a key role in banking supervision, arguing that their close contacts with commercial banks were crucial for crisis prevention.
Thorpe leaves UK's Financial Services Authority
Phillip Thorpe is stepping down as managing director of the UK's Financial Services Authority and will be taking on a new role as president of the Futures Industry Institute based in Washington, DC.
UK banks at fault over Abacha money laundering-FSA
RESEARCH REPORT - The UK Financial Servicies Authority has concluded an investigation into UKbanks' financial dealings with the deposed Nigerian leader, General SaniAbacha. The report is strongly critical of control failures at 15 UK bankswhich laundered…