Martin Wheatley, head of Hong Kong's financial regulatory body, has emerged as a leading candidate to head the Consumer Protection and Markets Authority (CPMA) when it is spun out of the FSA next year, according to reports.
The FSA has turned the tables on boiler room conmen by cold calling the scammers to warn them off using the same tactic to cheat investors.
The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports.
The FSA has fined an Essex-based network director for putting customers at risk of receiving unsuitable advice on payment protection insurance (PPI).
The FSA has fined the director of a Gloucestershire-based IFA network £49,000 for putting customers at risk of poor pension switching advice during the business's rapid expansion.
The FSA has banned a Durham-based director of a mortgage broker firm from senior positions in the financial services industry for at least two years.
The FSA has banned a director of a debt-ridden insurance broker for failing to notice a co-director had been using client funds to keep the company trading.
The FSA has hit bank Toronto Dominion's London branch with a £7m fine for repeated failings, the fourth highest fine on record.
The FSA has banned a mortgage broker for "wide-ranging management and control problems" and breaching TCF rules.
The FSA has fined a former Pacific Continental Securities UK stockbroker £24,000 for insider trading.