There are no longer any high impact UK financial institutions that the FSA considers pose a material...
There are no longer any high impact UK financial institutions that the FSA considers pose a material risk due to year 2000 preparations. The regulator classes risk both by the size of the group - high, medium or low impact - and by state of preparedness, running from red to amber, blue and then green. In its latest assessment of groups, the FSA has stated there are now no high impact groups rated red and only two medium impact institutions rated red compared to seven at the start of July. There are 150 financial groups in the high impact area and 300 in the medium impact group which ...
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