The Edge

Richard Northedge takes on corporate finance

Archive for the ‘FSA’ category

Votes for sale is a bad idea

If stock lending is so bad the regulators have considered banning it, why is selling votes any better? Treasury minister Lord Myners seems determined to end the concept of one share, one vote.
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Whatever we call it, let’s have financial stability

The Tories wanted the tripartite of financial regulators scrapped. Alistair Darling has done it. It will now be called the Council for Financial Stability. And given more powers.
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Penalising the fat years could make all years lean

The pensions industry has joined the financial regulator in using hindsight to say we should have stored away more during the boom years. The snag is, that’s the time when there seems least need to do it.
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Regulators need to think big, not small

What Lord Turner’s review of financial regulation fails to mention is that the Financial Services Authority spent too much time protecting consumers from banks and not enough protecting banks from themselves. In the end, curbing the banks would have been the best consumer protection.
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Criticism begins at home for FSA

Light-touch regulation is about to be axed but self-regulation still exists in one quarter of Canary Wharf. The Financial Services Authority has been allowed to identify its own deficiencies and remedy them. Again.
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