fsa banks
RSS fsa banksFSA urges online banks to put security first
News The Financial Services Authority (FSA) has blasted online banks for tempting a breakdown in security by overloading their web servers with too many customers. The chairman of the FSA, Sir Howard Davies, said many online banks have miscalculated... [21 Jun 2000]
FSA warns banks to wise up on security
News The Financial Services Authority (FSA) has warned the banking industry to shape up their attitudes to securing sensitive data and customer information. One of the recommendations the FSA made as a result of the audit was that finance firms should... [25 Apr 2008]
UK banks ready for MiFID, says FSA
News The positive view of the FSA counters concerns some banks may not be able to cope with the record keeping aspect of MiFID - known as Article 51 - which requires financial organisations to retain details of trades for five years. [30 Oct 2007]
FSA warns banks to 'wake-up' to dangers of outsourcing
News The Financial Services Authority (FSA) has criticised finance firms for not taking enough responsibility when outsourcing IT functions. Michael Foot, head of the FSA, said financial companies' senior managers are not aware of ongoing IT projects... [13 Jun 2000]
Online banking 'not safe enough', says watchdog
News The FSA added that if banks moved the liability of fraud loss to the consumer, more than three-quarters (77 per cent) of users said they would abandon internet banking. The remarks come as research from the Financial Services Authority (FSA) found... [23 Jan 2006]
FSA slams EU over IT burden
News The UK's Financial Services Authority (FSA) has blasted the EU for imposing complicated regulations that could land European banks with a €1bn technology bill. Chairman of the FSA Callum McCarthy has attacked the EU, saying it is "deeply... [25 Jul 2005]
MiFID - will the banks be ready in time?
News Financial Services Authority (FSA) might be lenient on those banks not fully compliant for up to 18 months, as the implications of MiFID slowly become clear. FSA upgrades tech to improve MiFID monitoring ¦ [03 Oct 2007]
MiFID: It's finally right here, right now
News UK banks ready for MiFID, says FSA ¦ In the run up to today's deadline, there has been much debate about what the exact requirements of MiFID are but analysts agree as long as banks are showing they are working towards compliance, the FSA will... [01 Nov 2007]
Leader: UK should make hay while MiFID sun shines
Leader UK banks ready for MiFID, says FSA ¦ FSA upgrades tech to improve MiFID monitoring ¦ The Financial Services Authority (FSA) transposed MiFID into UK law at the end of January - much earlier than many other countries - and so firms have had... [01 Nov 2007]
Banks get new Basel II compliance guidelines
News The FSA said that even though aspects of the CRD have not yet been finalised it wants to provide banks with as much early clarity as possible on the likely changes that will be necessary. UK financial industry regulator the Financial Services... [28 Jan 2005]
Investment banks shrug shoulders at UK compliance deadline
News A survey of 308 institutions has shown 79 per cent have no interest in putting in place a strategy to satisfy a Financial Services Authority (FSA) deadline of 1 July covering conflict of interest. Some quite staggering fines can come out of the FSA. [08 Jun 2004]
Why you have the right to know if your bank's beaten the bug
Comment Michael Foot, the managing director of the Financial Services Authority (FSA), steadfastly refused to 'out' any financial institutions, although eight of the top 450 financial institutions are running a "serious risk of material disruption". [14 Jul 1999]
MiFID: No big bang - but it's not over yet
News FSA upgrades tech to improve MiFID monitoring ¦ Speaking to silicon.com a Financial Services Authority (FSA) spokesman suggested the FSA is happy with the way things have gone so far. MiFID - the Markets in Financial Instruments Directive... [26 Nov 2007]
Devil's Advocate: Why business needs IT
Comment It was the FSA that set the original rule about banks knowing their customers. So did the FSA get what it wanted with the mechanical stance adopted by major banks? For that matter, did the senior executives of the bank want to see this outcome... [10 Aug 2004]
MiFID compliance warning
News FSA upgrades tech to improve MiFID monitoring ¦ The Financial Services Authority (FSA) is now looking into how well firms are complying with MiFID, looking at issues such as disclosure of information and best execution, but when asked how MiFID... [13 Mar 2008]
