FSA gets involved in debate over Deutsche Borse's LSE takeover

It is a rare occurence for the FSA to issuing any comment on a takeover deal, but a statement has been issued setting out all the key issues to take into account. Callum McCarthy, chairman of the Financial Services Authority says while the FSA has no regard for the nationality of ‘entities’ it regulates – as was seen in the Banco Santander purchase of Abbey – it is advising parties of all the changes such a deal could eventually have implications for the wider UK regulatory system if the parent group decides in later years to locate the LSE as an EU “passported” entity. "It cannot be ...