Western Europe

UNITED KINGDOM Turner: Getting tough. Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation. FSA chairman Adair ...

EUROPE PwC's Nick Page. The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market. Nick Page, partner, PricewaterhouseCoopers, says M&A; ...

UNITED KINGDOM       Brown: Championing a coordinated global structure for the financial services industry. Prime minister Gordon Brown has been ridiculed in the British press for calling for a new Bretton Woods summit. He has been accused of ...