FSA reveals next stage in 'radical' overhaul
City watchdog pushes ahead with internal reforms
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
Another new division will be launched by bringing together enforcement and
financial crime units to beef up deterrence.
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