FSA: Feedback statement: The prudential regime for trading activities
July 14, 2011
In August 2010, the FSA published "The prudential regime for trading activities: a fundamental review". This presented a detailed discussion of the issues that the FSA believed should form part of the Fundamental Review which continues to be developed internationally by the Basel Committee on Banking Supervision (BCBS). The purpose of the paper was to stimulate debate, and to generate feedback that could inform the international discussions on the Fundamental Review at the BCBS through the FSA's involvement in that forum.
The FSA received 13 responses from a range of financial institutions, accountancy bodies, trade bodies, and consultancies. In this Feedback Statement, the FSA sets out the feedback they received to the questions in the paper, and their responses to that feedback.