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Financial Services Act (other)
Financial Services Act may refer to: * Financial Services Act 1986 The Financial Services Act 1986 (1986 c.60) was an Act of the Parliament of the United Kingdom passed by the government of Margaret Thatcher to regulate the financial services industry. The Act used a mixture of governmental regulation and self- ..., of the Parliament of the United Kingdom * Financial Services Act 2010, of the Parliament of the United Kingdom * Financial Services Act 2012, of the Parliament of the United Kingdom {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Act 1986
The Financial Services Act 1986 (1986 c.60) was an Act of the Parliament of the United Kingdom passed by the government of Margaret Thatcher to regulate the financial services industry. The Act used a mixture of governmental regulation and self-regulation, and created a Securities and Investments Board (SIB) presiding over various new self-regulating organisations (SROs). It was superseded by the Financial Services and Markets Act 2000. Context The Act may be thought of as an “emasculated Gower”. Professor Laurence Gower had been asked to produce a report on financial regulation, followed by a draft bill. He tended towards a tighter and more top-heavy regime. The Thatcher government became impatient with this process and pushed a second bill through in place of Gower with more emphasis on self-regulation but containing most of the regulatory content of the Gower bill. This relatively light approach to regulation followed a trend taking place in America under the Reagan admin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Act 2010
The Financial Services Act 2010 (c. 28) is an Act of the Parliament of the United Kingdom which regulates bonuses paid to employees of banks. It was announced on 27 September 2009 by Prime Minister Gordon Brown on '' The Andrew Marr Show'' on BBC One. Brown said that the new law would be included in the next Queen's speech and was the result of talks at the G20 summit in Pittsburgh where other countries were looking at similar action. He also said that the Act's purpose would be to ensure that bankers after the global economic crisis do not go back to "business as usual". Provisions The proposed Act is expected to include penalties for banks that do not follow a set of standards for methods of remuneration. See also *Financial Services Authority The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |