The Futures and Options Association has said it is concerned for the well-being of the financial markets after the UK’s Financial Services Authority published two reports outlining its proposed regulatory response to the global financial crisis.
The FOA said on June 25 that while it supports: the drive for regulatory repair; the need for global standards; the FSA’s proposals to enhance supervision and enforcement; and the need for a comprehensive review of prudential rules – it is concerned that the scope of regulatory reform proposed would damage the effectiveness of market participants.
The...