Financial Services Authority
| Agency overview | |
|---|---|
| Formed | December 2001 |
| Dissolved | April 2013 |
| Superseding agency |
|
| Jurisdiction | United Kingdom |
| Headquarters | 25 North Colonnade London, United Kingdom |
| Employees | 3,800 |
| Agency executive |
|
| Website | www.fsa.gov.uk |
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]
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]
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. Retrieved 16 June 2010.