FSA criticises practices of foreign banks

02/10/2009 | Bloomberg

The Financial Services Authority said banks that operate in multiple countries and accept deposits should have deposit insurance, a reference to Icelandic bank practices. The regulator's comments come as more financial institutions become at risk because of the deepening recession in the UK. The FSA and international entities are working together to overhaul regulation of the financial system.

View Full Article in:

Bloomberg

Published in Brief: