March 24, 2009
The FSA’s March 2009 Paper “A Regulatory Response to the Global Banking Crisis” – Potential Implications for Financial Institutions
On 18 March 2009, the UK Financial Services Authority (FSA) published the Turner Review of Global Banking Regulation. At the same time, the FSA published a detailed Discussion Paper setting out its regulatory proposals to address the issues raised by the Review. This Sidley Update sets out the most significant implications arising out of the Review and the Discussion Paper for the banking, securities and investment funds sectors.