Key facts for the FSA

Farrow, Paul
June 2009
Money Marketing;6/18/2009, p39
In this article the author discusses the criticism faced by the Financial Services Authority (FSA) following the collapse of Keydata Co. in Great Britain. The author relates that relative to this event, FSA argues that it had no choice but to announce the insolvency of a financial institution once it had made an application. Furthermore, the author notes that FSA asserts that it only acted swiftly to reassure and protect the interest of the investors.


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