Alistair Darling will outline a tough regulatory regime for the financial services industry on Wednesday that would impose heavier capital and liquidity standards on banks that pose the greatest risk to the financial system. The UK chancellor will instruct the FSA to draw up stricter rules for the riskiest banks and financial institutions, but is not contemplating more drastic action to break up the biggest lenders, the FT said.  The new rules will also impose curbs on bankers’ pay, according to the Times, which said banking executives will have their pay linked to long term profitability.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 5:01 and is filed under Capital markets. Tagged with Alistair Darling, banking, fsa, Regulation, UK. Edit this entry.