Dangerous watchdog
Article Abstract:
The new UK Financial Services Authority (FSA) will replace nine different regulatory authorities. It is clear that financial regulation should be reorganized, but some observers believe that the government is making the FSA too powerful. They claim that the FSA's investigatory powers would go against the European Convention on Human Rights, and feel that a long tradition of English common law is being abandoned. There are also concerns that practical problems will emerge as the different regulatory authorities are combined.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Too big for its suits?
Article Abstract:
The quality of its staff will have a major factor in how successful the UK's Financial Services Authority (FSA) is once it assumes its powers fully from Dec 1, 2001. The FSA plans 'risk-based' and not 'rule-based' supervision.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
New interests, new conflicts
Article Abstract:
Conflicts of interest affecting credit rating agencies, and how they are managed, are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Back on the pitch. Decline of the coffee republic. Spraying misery
- Abstracts: Bridgewell raises ambitions. UK generalists lose out to sectors. Despondency hits the M&A market
- Abstracts: The elusive Mr Price. Divine intervention. Boxing clever in Islington
- Abstracts: Squeezing the Tories' tender bits. The real danger of new Labour
- Abstracts: All free traders now? War cancelled: American trade policy. Seeds sown for future growth