Journal of Financial Regulation and Compliance: Volume 12 Issue 3

The FSA: The first six years

Michael Foot

Michael Foot, one of the initial managing directors of the Financial Services Authority when it was founded in 1998, looks back over his six year period in office. He identifies…

Europe’s securities regulators working together under the new EU regulatory framework

Arthur Docters van Leeuwen, Fabrice Demarigny

The Committee of European Securities Regulators (CESR) has an important role in the fourlevel Lamfalussy process for regulatory reform. At present, CESR produces at level 3…

The compliance function in banks

Jonathan Edwards, Simon Wolfe

The Basel Committee on Banking Supervision under the auspices of the Bank for International Settlements (BIS) published a consultation paper in late 2003 on the compliance…

Risk‐based capital requirements and their impact upon the banking industry: Basel II and CAD III

Rosa Maria Lastra

The Basel Committee has proposed a new capital framework to respond to the deficiencies of the 1988 Capital Accord (Basel I). The 1988 Accord has been criticised for its crude…

Implementing Basel II in the Norwich and Peterborough Building Society

Jeffrey Pritchard

This paper describes the approach taken by the Norwich and Peterborough Building Society (the Society) in implementing models, policies and practices to meet the expected…

A critical analysis of depolarisation

Patrick John Ring

The Financial Services Authority (FSA) is about to implement wholesale reforms of the regulatory structure of advice in the retail financial services sector. Instead of having to…

Management views about desired capital: The case of UK banks and building societies

Isaac Alfon, Isabel Argimon, Patricia Bascuñana‐Ambros

This paper presents the findings of a survey of UK banks and building societies undertaken to understand management’s reasons behind their decisions about capital. The survey…