Previous
FSA asks for billion-pound fix in financial IT
News The FSA estimates that the required changes in IT structures within the banking industry will cost £891.8m for initial investment and five years' worth of running costs. It will cost the FSA itself £1m to bring its own systems into line.
[January 8, 2009, 16:21]
FSA endorses offshoring
News Banking regulator the Financial Services Authority (FSA) gave the clean bill of health after visiting and reviewing 10 offshore operations of the biggest UK retail banks in Bangalore and Mumbai. The report warns that offshoring can contribute a...
[May 6, 2005, 10:00]
FSA rules raise data security fears
News Leading City institutions have raised concerns about the security of data that will have to be transferred online and electronically under new reporting guidelines from the Financial Services Authority (FSA).
[April 2, 2004, 10:35]
FSA: Cybercriminals are infiltrating companies
News Hackers and fraudsters are refining and improving their techniques as we speak," said Philip Robinson, financial crime sector leader at the FSA. The FSA said that while larger enterprises had built defences to protect against hacking threats, small...
[November 12, 2004, 15:50]
FSA warns banks: Shape up on security
News Following an audit of 39 banks, building societies, insurance companies and financial advisors, the FSA called on financial services firms to adopt a more transparent stance towards customers, rather than fearing adverse media coverage when data...
[April 28, 2008, 8:56]
FSA nets 28 UK Web scams in one day
News A one day investigation by the Financial Services Authority (FSA) and other international watchdogs has identified 28 UK Web sites that are in breach of financial services rules. A team of over 20 FSA staff searched over 130 sites for unauthorised...
[July 3, 2001, 7:28]
FSA raises concerns over Internet banking
News The remarks come as research from the Financial Services Authority (FSA) found consumer confidence in online banking to be "fragile". Philip Robinson, financial crime expert at the FSA, said in a statement: "Most consumers recognise they have some...
[January 24, 2006, 9:50]
FSA loses domain name battle
News The Financial Services Authority (FSA) has lost its battle to gain control of the fsa.co.uk domain name. On 24 September, in accordance with the rules of Nominet, an independent legal expert advised the registry to revoke its decision to suspend...
[October 19, 2001, 12:45]
Stolen Nationwide laptop prompts FSA probe
News The theft of a laptop containing Nationwide Building Society customer information is being probed by the Financial Services Authority (FSA). Both Nationwide and FSA have refused to say exactly what data was stolen.
[November 13, 2006, 12:44]
Insurance Broker Achieves FSA Compliance and Enhances Competitive Advantage in Six Weeks
White Papers Formed in 2004, Oxygen wanted to deploy a new solution to help financial organisations adapt to new business dynamics and sweeping regulatory changes imposed by the Financial Services Authority (FSA).
[March 5, 2008, 0:02]
FSA loses latest round in domain name dispute
News A small Bournemouth IT company has emerged victorious in the latest round of an ongoing dispute with the Financial Services Authority (FSA) for control of the www.fsa.co.uk domain name. The .uk domain name registry Nominet has been advised to...
[October 15, 2001, 17:44]
A level playing field for financial services online?
News The UK Treasury and the Financial Services Authority ("FSA") are inviting a further round of submissions on proposals for implementing the E-Commerce Directive (the "Directive") in respect of financial services.
[April 15, 2002, 19:21]
Financial watchdog threatens Y2K laggards with closure
News Speaking today at Action 2000's National Infrastructure Forum, managing director of the Financial Services Authority (FSA) Michael Foot warned that the time for tough decisions was approaching if customers' interests were to be protected.
[July 12, 1999, 14:14]
More employees disciplined over Swire email
News Unconfirmed reports claim nine employees of the FSA face temporary suspension for forwarding the email which details a sexual encounter between Swire and lawyer Bradley Chait. A spokesman for the FSA confirmed the organisation received the mail.
[December 20, 2000, 12:10]
Nationwide fined £1m over laptop theft
News The Financial Services Authority (FSA) hit Nationwide with the £980,000 fine on Wednesday, following an investigation into the theft, which occurred in November 2006 at the employee's house. According to the FSA, Nationwide was guilty of failing to...
[February 14, 2007, 12:28]
HSBC companies fined £3m over data breaches
News The Financial Services Authority (FSA) fined HSBC Life £1,610,000, HSBC Actuaries £875,000 and HSBC Insurance Brokers £700,000 — making a total of £3m in penalties between them. Due to the fact the three firms settled with the FSA, their fines were...
[July 23, 2009, 9:11]
It was STOLEN from an employee
Talkback The FSA lost dozens of laptops and mobile phones yet wasn't fined, why? Another issue is the urgent need for the money form these fines, the FSA has a conflict of interest in that money is needed to balance the books, fill the pension scheme black...
[February 16, 2007, 8:42]
IT guy busted over insider trading
Blog The FSA said that it couldn't directly prove Shevlin was guilty, but that there was "compelling circumstantial evidence" to indicate he was. Even the FSA couldn’t miss an open goal like that. An IT professional has been fined £85,000 for insider...
[July 1, 2008, 15:49]
UK banks failing the security challenge
News The time is right for the FSA [Financial Services Authority] to use its regulatory power to mandate standardised authentication mechanisms for online financial services," said Phil Robinson, chief technology officer at Information Risk Management...
[April 15, 2005, 13:05]
New rules tighten up e-money market
News Among the new rules are measures that dictate that any company must have FSA authorisation; must not make loans, grant credit or pay any form of interest if the company is not a bank; must maintain minimum levels of liquidity (£615,000 or 2...
[April 26, 2002, 16:56]
