FSA determined to up performance - McCarthy

In his last speech as FSA chairman made to the Lord Mayor’s City Banquet, McCarthy also outlined the main lessons regulators, financial institutions and investors could learn from the market turmoil of recent weeks. He said regulators needed to re-examine and increase regulatory capital requirements, address questions of liquidity and look at the way they conduct their business. “The FSA has been determined to up our performance. Supervision of firms has always been at the heart of the FSA's work. Since last August there has been a greater intensity of work being done, particularly in th...