FSA extends tests to 2000 traders and managers

Up to 2,000 traders and managers in the UK could face extra checks and even interviews by the UK financial regulator to ensure they are “fit and proper” to do their job. Traders, bankers and managers who exert significant influence over their companies are set to face additional scrutiny from this week as the FSA watchdog formalises proposals to widen its “approved persons” regime. The tests covers senior positions at the largest 40-50 banks, insurers and other institutions.

http://ftalphaville.ft.com/blog/2009/07/27/63756/fsa-extends-tests-to-traders/

 

GS has already determined who will be audited and then expelled from the industry.

 

I should make Mr. Aleynikov an offer he cannot deny....