Wednesday, 20 June 2012

UK: FSA annual report published

The last annual report to be issued by the Financial Services Authority was published yesterday and is available here (pdf). Individual sections of the report and the accompanying appendices are available to view individually: see here. In his contribution to the report, the FSA's chief executive, Hector Sants, reflects on the last five years and provides a strong defence of the FSA's actions during this time. He states that he is most proud of the FSA's willingness to change and to reflect on the way in which it regulates. Elsewhere data are published on market cleanliness and the FSA reports that there has been a decline in abnormal share price movements ahead of regulatory announcements: in 2011 it was 19.8, the lowest level since 2003.

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