Financial Services Authority
The Financial Services Authority (FSA) is a group who regulate banks and other financial companies in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government.[1] Its main office is based in Canary Wharf, London, with another office in Edinburgh. When acting as the competent authority for listing of shares on a stock exchange, it is referred to as the UK Listing Authority (UKLA).[2]
| Financial Services Authority | |
|---|---|
| Agency overview | |
| Formed | December 2001 |
| Dissolved | April 2013 |
| Superseding agency | Prudential Regulation Authority, Financial Conduct Authority |
| Jurisdiction | United Kingdom |
| Headquarters | 25 North Colonnade London, United Kingdom |
| Employees | 3,800 |
| Agency executive | Adair Turner, Chairman |
| Website | |
| www.fsa.gov.uk | |
The FSA's Chairman and CEO are Lord Turner of Ecchinswell[3] and Hector Sants.
On June 16, 2010, the Chancellor of the Exchequer, George Osborne, announced plans to abolish the FSA and separate its responsibilities between a number of new agencies and the Bank of England.[4]
Financial Services Authority Media
Main entrance – 25 North Colonnade (Canary Wharf, London) – FSA building
FSA's headquarters, 25 The North Colonnade, Canary Wharf, London, E14 5HS
Lord Turner, Chairman of the Financial Services Authority.
_-_FSA_building_(2008).JPG)
References
- ↑ "NDS.coi.gov.uk". Archived from the original on 2009-03-26. Retrieved 2011-06-15.
- ↑ "FSA.gov.uk". Archived from the original on 2011-06-13. Retrieved 2011-06-15.
- ↑ "Lord Turner confirmed chairman of FSA in its hour of need". Archived from the original on 2008-09-23. Retrieved 2011-06-15.
- ↑ Vina, Gonzalo. "U.K. Scraps FSA in Biggest Bank Regulation Overhaul Since! 1997". Businessweek (Bloomberg). http://www.businessweek.com/news/2010-06-16/u-k-scraps-fsa-in-biggest-bank-regulation-overhaul-since-1997.html. Retrieved 16 June 2010.
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