Financial Services Authority (FSA)

Morgan Stanley economist new MPC member

Alistair Darling, the chancellor of the exchequer, announced on Thursday that David Miles will replace David Blanchflower as an external member of the Bank of England's Monetary Policy Committee (MPC) on 1 June.

FSA's Turner unveils blueprint for reform

Lord Adair Turner, the chairman of Britain's Financial Services Authority (FSA), on Wednesday published proposals for fundamental regulatory overhaul of the financial system, which includes a shift in the approach of the industry watchdog, whose…

FSA's Sants heralds "supervisory revolution"

Limitations of a purely principles-based regulatory regime have to be recognised, Hector Sants, the chief executive of the Financial Services Authority (FSA), the British industry regulator, has conceded.

Tory report backs greater BoE role

A report commissioned by the opposition Conservative Party in the United Kingdom has suggested that the tripartite system for financial stability, involving the Bank of England, the Treasury and the Financial Services Authority (FSA) has failed and…

NYFed hosts CDS powwow

The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.

City regulator resigns after furore

Sir James Crosby has resigned as deputy chairman of the Financial Services Authority (FSA) in Britain, following allegations that he sacked a senior risk manager at HBOS, a bank Crosby headed, who raised concerns over the risk exposure of the bank.

FSA chairman outlines reform agenda

Lord Adair Turner, the chairman of the Financial Services Authority (FSA), Britain's financial supervisor, on Wednesday presented his vision of how regulation needed to change.

UK nationalises lender

The UK authorities have taken a second mortgage lender into public ownership after events triggered by the collapse of Lehman Brothers, an investment bank, sparked a withdrawal of deposits.

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