The FSA Board has sanctioned a budget of 1.5% of the regulator's total salary bill to cover any pay "anomalies" in the coming financial year.
The FSA has warned of the "potentially catastrophic nature" of structured product counterparty risk to investors.
The FSA says it will spend almost £350m on staff costs in the coming financial year after confirming it is hiring an extra 460 individuals to deliver its "intensive" supervisory approach.
Outgoing FSA chief executive Hector Sants today said society "must accept" a larger and more expensive regulator if it wants more done to lower market risks.
A newly-formed industry association has been set up in Australia - but only 14 firms have so far met its strict criteria for independence.
An investment banker and his wife have been charged in relation to a nine-year insider dealing spree in a case that also marks the first time the FSA has sought the extradition of a suspect abroad.
National IFA 2plan Wealth Management is set to hand its 200 advisers what it calls a "radical" alternative to its standard client service agreements.
The FSA is looking to hire an extra 450 staff to crackdown on insider dealing, Hector Sants has revealed.
The FSA will attempt to ‘choke off' consumer detriment before it occurs through its product regulation plans, Hector Sants says.
A former broker at the Queen's stockbroker Cazenove has been handed a 21-month prison sentence for insider dealing in the shares of three UK companies.