The FSA has fined the London branch of Société Générale £1.57m for failures in transaction reporting.
Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds.
The FSA has launched a probe into sales of an AIG bond fund product by RBS' private banking arm Coutts.
The Consumer Protection and Markets Authority (CPMA), one of the bodies set to replace the FSA from 2013, will be subject to audit by the National Audit Office (NAO) under rules proposed by the Treasury today.
The UK's four major banks have passed EU stress tests, although five Spanish banks failed, the Committee of European Banking Supervisors (CEBS) said.
Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.
The City watchdog is considering whether Britain can claim exemption from European laws that will introduce the toughest pay restrictions in the world.