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Financial Services Authority
noun
- (in the United Kingdom) a regulatory body that oversees London's financial markets, each of which has its own self-regulatory organization: it succeeded the Securities and Investments Board FSA
Example Sentences
Securities and Exchange Commission, Japan's Financial Services Authority and regulators in Britain, Germany and France commit to applying the body's recommendations.
Davies has been a key figure in the City of London for four decades, having previously held roles including chairman of regulator the Financial Services Authority and deputy governor of the Bank of England.
Britain previously had one main financial regulator, the Financial Services Authority, which was scrapped after undercapitalised banks had to be bailed out by taxpayers in the 2007-09 global financial crisis, leading to the creation of the standalone FCA and a new PRA at the BoE.
Barclays' legal department, the UK regulator the Financial Services Authority and the US Department of Justice all had access to this evidence.
In September, Financial Services Authority chairman Charles Randell criticised influencers, accusing them of fuelling the "delusions of quick riches".
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