PRA (Prudential Regulatory Authority)

The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).

Andrew Tyrie, chairman of the Treasury Committee, and Andrew Bailey, executive director of the new Prudential Regulation Authority (PRA), have rounded on the European Union (EU) over its "shocking" implementation of Solvency II.

Too much regulation - instead of instilling greater trust in the financial services industry - can have the opposite effect, according to Richard Sexton, reputation and policy director at PricewaterhouseCoopers (PwC).

Chief executive of the Prudential Regulation Authority (PRA), Andrew Bailey, has said it is "more than odd" that the top bosses in control of failed banks have avoided formal charges.

REGULATION

The Financial Services Authority (FSA) ceased operation yesterday and was replaced by two powerful regulators.

Lord Adair Turner, the last chairman of the now-disbanded Financial Services Authority (FSA), has joined the economics think tank founded by billionaire George Soros.

FROM THE EDITOR

The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.

The break-up of the Financial Services Authority (FSA) at the start of April is set to create more compliance and risk jobs in the retail banking sector, according to research from BrightPool, the specialist financial services recruitment company.