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Financial Services Authority
(redirected from Securities and Investments Board)

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
Financial Services Authority
The primary regulatory body for the British financial industry. It is a non-government agency, though its board of directors is appointed by HM Treasury. It is charged with maintaining efficiency and competition in banking, insurance and the securities trade. It also is responsible for protecting consumers insofar as possible. It was established in 2001.


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A former executive director of the Bank of England and ex-chairman of the Securities and Investments Board, Walker is now a senior adviser at Morgan Stanley.
Prior to joining Morgan Stanley, he was deputy chairman of Lloyds Bank and between 1988 and 1992 he was chairman of the Securities and Investments Board - a precursor of the Financial Services Authority.
Concerns raised by trade unions and politicians that the industry is too secretive have led to a review of the way it operates, which is led by Sir David Walker, the former chairman of Morgan Stanley International and the Securities and Investments Board.
 
 
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