Stikeman Elliott LLP > FSA Chairman discusses UK regulatory changes
Stikeman Elliott LLP - FSA Chairman discusses UK regulatory changes In a speech Tuesday to the British Bankers' Association, Lord Adair Turner, Chairman of the Financial Services Authority discussed a new approach to regulation in the UK Specifically, Lord Turner discussed a ``major shift in philosophy'' towards a ``more pre-emptive and instrusive approach to supervision''.
The FSA has said it is looking at separating UK banks into deposit taking and trading subsidiaries.