FSA

The RDR has become Smaug, the dragon from The Hobbit.

The FSA has been warned new commodities ETFs launched by investment banks pose a danger to the metal markets.

The London Stock Exchange has delayed a major update of its computer systems after fears one its trading platforms was targeted by a saboteur.

The FSA is warning firms against using the word ‘cash' when naming Money Market Funds (MMFs), saying it is "potentially misleading".

MPs LABEL RDR A 'FIASCO'

Fund manager Martin Gray has attacked the failure of governments to adequately overhaul financial regulation.

FSA chairman Lord Adair Turner says the Basel III capital reserve rules imposed on banks are "too lenient".

Lord Turner, chariman of the FSA, said it was "vitally important" European financial supervisors did not intervene directly in the running of individual markets.

Goldman Sachs has agreed to pay a fine of £20m to the FSA after failing to disclose trader Fabrice Tourre was under fraud investigation by the US Securities & Exchange Commission.

The FSA is set to turn the regulatory spotlight on the valuation of traded positions and is calling for a specific assessment of valuation uncertainty.