Financial Services Authority (FSA)
Case for covert special liquidity support opaque
Michael Foot, a former executive director for supervision at the Bank of England, weighs up the pros and cons of allowing the Bank of England to lend in secret.
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Central Bank of Ireland - Annual Report 2007
The Irish economy will suffer a significant reduction in output growth this year, John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, says in the latest edition of the institution's Annual Report.
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bank and FSA not to blame for Rock: Lord George
Lord Edward George, a former governor of the Bank of England and a director at the Bank for International Settlements (BIS), believes that Northern Rock's management was responsible for the collapse of the mortgage lender.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Lord Turner new FSA chairman
Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.
The role of central banks in financial stability
At a time when many governments and central banks are struggling to distil the key lessons of the crisis, one of the main finding is that the central bank needs the appropriate powers if it is to assume responsibility for systemic financial stability.
Netherlands to probe effect of bankers' pay
The Netherlands Bank is to scrutinise the impact of bankers' bonuses on risk taking, the governor of the institution has said.
A book launch to remember
One of those events that London does so well took place Thursday, 1 May, at the London School of Economics (LSE) where there was a short debate and a longer drinks party to launch 'Global Financial Regulation - The Essential Guide', written by Howard…
Hurley praises Ireland's financial oversight
The level of co-operation between central bankers and regulators in Ireland proves very useful in managing financial crises, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
Probe into rumour-mongering widens
The Financial Services Authority (FSA) in Britain is teaming up with other financial services watchdogs as part of an expanding investigation into allegations of market abuses surrounding sudden drops in the share prices of financial institutions.
FSA appoints new senior adviser after Rock fiasco
The Financial Services Authority (FSA) in Britain has appointed Naguib Kheraj as senior adviser to the newly created Supervisory Enhancement Programme (SEP).
No need to change disclosure rules
Disclosure practices may be enhanced without amending existing rules, a survey conducted by leading global regulators has found.
Regulator admits culpability for Rock run
The Financial Services Authority (FSA), Britain's financial supervisor, has said it failed to adequately regulate Northern Rock, the now state-owned UK mortgage lender.
FSA to launch probe as Bank counters HBOS rumours
The British financial regulator has confirmed that it is to investigate share dealing made on the back of rumours that HBOS, a British bank, was short of liquidity. The Bank of England has also taken the highly unusual step of calling the British press…
UK business leader warns against rushing reform
The British authorities must beware of hurrying through seismic supervisory changes in the wake of the run on Northern Rock, the head of the UK's biggest business lobby has warned.
Legislative barriers and Northern Rock
Mervyn King’s assertion that he was “hemmed in” by legislation during the run on Northern Rock has some merits, argues Charles Proctor
Lessons of Northern Rock
British lawmakers are divided over how to fix a broken regulatory framework
UK regulator wants above-inflation budget increase
The Financial Services Authority (FSA), Britain's beleaguered regulator, has asked the government for an extra £21.3m ($41.8m) for the 2008/ 2009 financial year.
Irish economy to weaken in 2008
The Central Bank & Financial Services Authority of Ireland on Friday said that the pace of growth was set to fall this year as a result of both international and domestic factors.
Old Lady could offer covert support under new rule
The British chancellor wants to introduce new rules allowing the Bank of England to give lender-of-last-resort support in secret.
Glum findings in latest FSA report
Financial markets could be more vulnerable to external shocks in 2008, the latest risk outlook published by the Financial Services Authority (FSA), the British single regulator, finds.
The FSA Handbook: a Practical Guide and Update
With the focus of markets on the regulatory response to the current crisis, the launch of this tenth guide to the Financial Services Authority (FSA) handbook, to be held in London on 6 February, is expected to be a popular event.