Prudential Regulation

Prudential regulation refers to the setting of standards and supervisory practices designed to minimise the risk of an individual institutional failure and reduce the collateral damage on the financial system as a whole. The Global Financial Crisis demonstrated significant structural flaws in both internal risk management and external supervision. It prompted Lord Turner, the chairman of the Financial Services Authority, to question in an influential report the efficacy of underpinning conceptual frameworks (Turner Review, 2009).  This series maps and tracks the macro-prudential agenda introduced in the aftermath of the GFC, with particular reference to the Basel Committee on Banking Supervision and the impact of this process on national regulatory settings.

IOSCO Creates Board Level Task Force on Financial Market Benchmarks

The International Organization of Securities Commissions has constituted a Board Level Task Force on Financial Market Benchmarks to identify relevant benchmark-related policy issues and develop global policy guidance and principles for benchmark-related activities of particular relevance to market r
Originally Published: 
Friday, September 14, 2012

Financial Services Authority Publishes New Rules to Ensure Pension Transfers are Suitable for Scheme Members

The Financial Services Authority (FSA) has published new rules and guidance, following consultation, to strengthen the protection for members of defined benefit pension schemes who are considering moving their money into personal pensions.
Originally Published: 
Friday, April 27, 2012

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