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LargelyIgnorant

Impending Market Downturn

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http://money.cnn.com/news/newsfeeds/articl...13-18275179.htm

The incoming chief executive of the Financial Services Authority Hector Sants has warned a number of banks and financial institutions may not have done enough to protect themselves and their investors against the impending market downturn, according to reports in the Financial Times and The Daily Telegraph.

http://www.ft.com/cms/s/5dbd1c50-365a-11dc...00779fd2ac.html

The incoming chief executive of the Financial Services Authority set a cautious tone for his tenure yesterday, calling on financial institutions to adopt tougher stress-testing against potential market shocks as the economic cycle turns downwards.

http://www.telegraph.co.uk/money/main.jhtm...20/cnfsa120.xml

The incoming chief executive of the Financial Services Authority has warned a number of banks and other financial institutions operating in the UK that they may not have done enough to protect themselves and their investors from an inevitable downturn in the credit markets.

:unsure:

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