View more on these topics

Anthony Bolton points to FSA banking failure

Fidelity fund guru Anthony Bolton has questioned the role of the Financial Services Authority in tackling the banking crisis.

Bolton says that while shareholders, independent directors and senior executives all played a part, the regulator was the only party with the “necessary information and knowledge to oversee the banks.”

In his FT Money Column, Bolton says: “They should have known what was going on and, if they did not, they were not doing their job properly. The Bank of England warned about many of the potential problems in its Financial Stability Reports but I’m not sure the Financial Services Authority heeded its warnings.

“The correct question to ask today is, therefore, not where the institutional shareholders were in the run-up to the crisis but, rather, where was the regulator.”


Bubbling under

Do you agree with the Investment Management Association that structured products should be regulated?


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm