The Financial Services Authority (FSA) is the regulator of the financial services industry in the UK
CEBS Stress Testing Results
The results of the recent EU-wide stress test exercise conducted by the Committee of European Banking Supervisors (CEBS) have now been published and can be found on the link below:
Government proposals to reform the UK’s financial regulatory framework
The Government has today published its consultation proposals for reforming regulatory structures in the UK. The FSA has been constructively engaged with the government on the technical aspects of the consultation
Mortgage Market Review (MMR)
We have proposed tough new standards for responsible lending that will mean mortgage applicants’ incomes will have to be verified in all cases and their monthly expenses estimated. Charges for borrowers in arrears will also be made clearer. Find out more on all of the proposals.
Liquidity Workshops
As you will be aware we have published new rules on liquidity which put further requirements on firms. We are running Liquidity Reporting, Individual Liquidity Adequacy Assessment and Individual Liquidity Systems Assessments Workshops throughout the coming months.
Latest News and Publications
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FSA consults on changes to its Remuneration Code
29 Jul
The Financial Services Authority (FSA) today announced plans to update its Remuneration Code to take on board remuneration rules required by the Capital Requirements Directive (CRD 3) and the Financial Services Act 2010 (FS Act).
FSA censures and bans three directors from acting as senior managers for falling short of FSA standards
28 Jul
The Financial Services Authority (FSA) today publicly censured and banned Stephen Coles, Luke Ryan and Michael Yamoah, the three directors of Simply Trading Group Limited (STG), from senior management positions for falling short of FSA standards.
FSA bans and fines former Northern Rock finance director £320,000 for misreporting mortgage arrears figures
27 Jul
The Financial Services Authority has fined David Jones, former finance director (FD) of Northern Rock PLC (NR) £320,000 and prohibited him from performing any function in relation to any regulated activity.
Revising the Remuneration Code
29 Jul
The Financial Services Authority invites comments on this Consultation Paper. Comments should reach us by 8 October 2010.
A review of the Credit Union Sourcebook (CRED)
23 Jul
This Policy Statement PS10/11 reports on the main issues arising from CP09/27 A review of the Credit Union Sourcebook (CRED).
CP10/18: Implementing aspects of the Financial Services Act 2010
23 Jul
The Financial Services Authority invites comments on this Consultation Paper. Comments should reach us by 23 August 2010.
FSA announces Mark Norris is to leave organisation
01 Jul
The Financial Services Authority (FSA) has announced that Mark Norris, chief operating officer and managing director, has decided to leave the organisation to seek fresh challenges and opportunities.
FSA announces Jon Pain to leave organisation in 2011
29 Jun
The Financial Services Authority (FSA) has announced that Jon Pain, managing director of Supervision and an FSA Board member, has decided to leave the organisation in 2011.
FSA Chairman welcomes Chancellor's plans for regulatory reform
16 Jun
The Chairman of the Financial Services Authority (FSA), Lord Turner, has welcomed the changes to financial regulation outlined by the Chancellor of the Exchequer in his Mansion House speech
Protecting Consumers and Winning Trust
13 Jul
Speech by Adair Turner
British Bankers’ Association (BBA) Conference
GABRIEL
You can use our online information-gathering system GABRIEL (Gathering Better Regulatory Information ELectronically) to send us your reporting data. Our free e-learning course shows you how.
The FSA Handbook
Our Handbook sets out all our rules and guidance made under powers given to us by the Financial Services and Markets Act 2000 (FSMA). The online Handbook is updated regularly.
International and EU
We play a key role in international regulation and we actively participate in forums to help develop enhanced global regulatory cooperation. Around 70% of our policy is driven by EU initiatives.
Authorisation process
Any firm or individual that carries out a regulated financial service market activity in the UK must be authorised by us, unless they are exempt.
The FSA Register
We keep an up-to-date record of all FSA-regulated firms, bodies and individuals doing business in the UK. Our register is available to the public, so you can search for more information on all of our authorised firms.
Events Diary
Liquidity reporting workshops
Aug 24
A series of workshops on the new reporting regime
Asset Management Conference
Sept 16
Our Asset Management Conference is a key annual event at which firms, trade associations and the FSA discuss major issues affecting the sector.
Smaller firms
We regulate over 17,000 smaller firms and we want to make it as simple as possible for you to do business with us. Our one-minute guides are designed to give you key bits of information in a fast and easy to read format.
Single Equality Scheme
We are pleased to present our Single Equality Scheme for consultation. The consultation period commences 14 May 2010 and will run for 12 weeks in accordance with the Equality Act 2010.
