Three years on, the FSA finds itself under attack from all sides

Article Abstract:

The challenges facing the UK's Financial Services Authority (FSA) are discussed. The FSA has been criticized by many different groups, with some observers expressing the view that it is too bureaucratic.

Laws, regulations and rules, Independent regulatory commissions, United Kingdom. Financial Services Authority

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More jobs to be cut as City faces massive shake-up

Article Abstract:

Financial services companies in the City of London, England, continue to suffer the repercussions of the excesses of the 1990s bull market. They have also been hit by the slowing of the US economy and by the terrorist attacks in the US. Job losses at firms such as Merrill Lynch may be an indication that investment banking is undergoing significant changes.

Economic aspects

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Merrill Lynch cutbacks herald cull of thousands of jobs in the City

Article Abstract:

It is expected that many City of London institutions will make redundancies as they experience the repercussions of misguided investments in high-risk markets such as Asia and Russia. Indeed, headhunters anticipate that the City of London's workforce of 375,000 could be reduced by up to 40,000. It has already been announced that there will be 400 redundancies at the London, England, office of Merrill Lynch, where the atmosphere is very tense.

MER, Merrill Lynch & Company Inc.

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