The FSA is meeting senior officials from Goldman Sachs today over the bank's involvement in structuring complex debt intruments during the financial crisis.
Last week, the FSA confirmed it would investigate Goldmans over charges its US counterpart has levelled against the bank.
The SEC alleges Goldmans failed to tell clients who bought a complex debt security during the financial crisis that a hedge fund, Paulson & Co, involved in its construction had shorted the vehicle. It then reaped $1bn from the punt.
Goldman has denied the charges, and says it lost money on the deal.
The FSA is investigating the US charges for any implications they may hold for UK-regulated entities of the US bank. It says it will take enforcement action if fault is proved.
A tough line has been taken by the regulator on cases involving hedge funds.
Yesterday, it charged Anjam Ahmad, a former trader at AKO Capital, with insider dealing between June and August 2009.
AKO has expressed surprise at the charges, and says the trades in question were personal rather than made for AKO.
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards