Assignment:
Financial Services Authority FSA, and the Financial Crisis
1. How the FSA sought to establish itself as a financial regulator? What were the shortcomings of the FSA's approach to regulation?
2. What are the causes and evolution of the Financial Crisis 2007-9, and how did the UK government and the UK regulator respond to the financial crisis?
3. How the FSA regulated in the UK prior to the financial crisis and why it was criticised as a result of that crisis?
4. Explain the role of the Bank of England in the UK's current regulatory structure?
5. Explain the concept of ‘objective-led' regulation and its relevance to the ‘twin peaks' approach to regulation