The Financial Services Authority has unveiled a fresh operational structure as part of efforts to overhaul its work in the wake of the credit crisis.

Chief executive Hector Sants said: 'This new structure completes the radical internal reforms that I initiated when I became CEO in July 2007.'

The FSA's financial stability unit will be turned into its own division to concentrate on macrp-prudential issues.

A new international division is to be created to improve communication with overseas regulators.

Another new division will be launched by bringing together enforcement and financial crime units to beef up deterrence.

For more go to FSA.