Results tagged “FSA”

Backing from an actuary, albeit a trainee, should give you some confidence that your band are in with a chance making a career.

Keyboard player Tim Wanstall certainly showed faith in Athlete when he swapped the security of pension predictions at the FSA in Canary Wharf for the risky business of life on the road.

There was some bad news recently for those in Canary Wharf looking forward to juicy bonuses when the Financial Services Authority released plans for its remuneration code.

The regulator's proposals, subject to a consultation period, are due to be implemented in January.

Firefighters using ropes and a cherry picker came to the rescue of a pair of Canary Wharf window cleaners stuck on the side of an office building on Friday.

The two men were suspended in their cradle, jammed on a ledge at the fifth floor of 25 North Colonnade, which is occupied by the FSA, above the Crossrail site.

The Financial Services Authority is continuing its plans for expansion following indications of a reprieve under the coalition Government.

The future of the regulatory body has been under threat for more than a year because of Tory plans to transfer its powers to the Bank of England.

Gordon Brown used a recent visit to Tower Hamlets to condemn Tory plans to abolish the Financial Services Authority.

The North Collonade-based regulator employs about 2,800 staff, mostly in Canary Wharf, but shadow chancellor George Osborne plans to return its powers to the Bank of England if the Conservative Party wins the general election.

Hector Sants is to leave his job as chief executive of the Financial Services Authority in the summer.

The Wharf-based financial watchdog announced today that Mr Sants will step down after three years in the job, a period which has seen increasing criticism of the FSA's regulatory role, particularly when the credit crunch hit the banking sector in 2008.

Chancellor of the Exchequer Alistair Darling was in Canary Wharf this morning and used the opportunity to criticize the return of the bonus culture.

Mr Darling singled out Goldman Sachs, which reported bumper profits last week, saying it sent out the "wrong signals" with huge pay awards.

STAGE
The Power Of Yes, Lyttelton Theatre
4/5

IN A NUTSHELL
Political playwright David Hare dramatises his own exploration of the banking crisis with input from insiders, experts and observers.

For a club that only started playing competitive rugby last season East London Phantoms have come a long way in a short time.

The club, who play at Memorial Park in West Ham, will play in Essex League Two next season, despite a mid-table finish in their debut campaign.

The Financial Services Authority defended its role as a watchdog when its top brass faced the public this morning.

Lord Turner and Hector Sants, respectively chairman and chief executive of the Wharf-based regulator, were bullish about past performance and the FSA's future at the annual public meeting in the City.

The Financial Services Authority has defended its performance last year in its newly published annual report.

The Canary Wharf-based financial regulator endured a torrid time in 2008 with the onset of recession and the near-collapse of the banking system.

Test results on a sick worker at the Financial Services Authority have come back negative for swine flu.

The North Colonnade-based company sent a male member of staff home last week after he returned from the United States with flu-like symptoms.

Canary Wharf's first case of suspected swine flu has been reported.

A male member of staff at the Financial Services Authority returned to the head office at The North Colonnade from America last week displaying symptoms of the illness.

Vince Cable has backed the Financial Services Authority to turn from "poacher to gamekeeper".

The respected Lib Dem deputy leader has regularly criticised the FSA over its handling of Northern Rock, HBOS and consumer protection in recent months.

The Financial Services Authority boss at the centre of accusations from a former HBOS manager has resigned.

Sir James Crosby, the deputy chief executive of the FSA made the announcement in an emailed statement on Wednesday.

Homeowners are being advised on ways to protect their investments after a massive rise in repossessions.

Figures from the Financial Services Authority show a 71 per cent hike in the number of repossessions in over the last 12 months.

CREDIT Suisse has been slapped with a record fine after Canary Wharf traders deliberately mis-priced asset-backed securities they were holding.

The Cabot Square bank has been ordered to pay £5.6million by the Financial Services Authority for flaws in its systems and controls which led to a revenue write-down of around $2.65billion (£1.41billion) just a week after it released its financial results for 2007 early this year.

IT WAS "Ship Ahoy" for the Financial Services Authority when they left the office for the day to help in the community.

The company, based at The North Colonnade, gave staff time off to help at a sailing centre on the Deptford waterfront.

John Biggs is the Labour London Assembly member for City and East

Our new London Mayor recently addressed Docklands businesses encouraging them to support the community.

As I have often written, the gulf between the Wharf and many local people needs to be narrowed.

There are many areas of progress such as the newly opened Financial Services Academy.

But there is much more to do.

LINKS between the classroom and the boardroom are set to improve as a financial services school moves into new premises on the doorstep of Canary Wharf.

The National Skills Academy for Financial Services officially opens at its new facility in the George Green Building in East India Dock Road today (Thursday, February 21).

The Academy, supported by Canary Wharf firms including Citigroup and HSBC, provides training across a range of financial disciplines for budding Wharf workers from Tower Hamlets. It will be opened by Hector Sants, chief executive of the Financial Services Authority.

Courses have been run at Tower Hamlets College in Poplar for the last 18 months but with £1million
of investment from London Thames Gateway Development Corporation students now have a purpose-designed building in which to work.