Financial Services Authority - FSA
The Financial Services Authority is governed by a Board that is appointed by the U.K.’s Treasury. The majority of Board members are non-executive. In addition to the Board, FSA’s management structure includes a Chief Executive Officer (CEO), a Chief Operating Officer (COO) and two managing directors. In 1997, the decision to merge banking supervision and investment services regulation into the Securities and Investments Board (SIB) was made. The SIB changed its name later that year to the Financial Services Authority (FSA). The FSA has the responsibilities of several organizations including the Personal Investment Authority (PIA), the Securities and Futures Authority (SFA), and mortgage regulation.
Investment dictionary. Academic. 2012.
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