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UK FSA warns of an “accounting mismatch”

Publication date: 16 March 2010

The United Kingdom’s Financial Services Authority (FSA, the banking and securities regulator) has published a report Financial Risk Outlook 2010. The report cautions financial institutions that “accounting mismatches” have the potential to report profits in a deteriorating economy – which the FSA is predicting.

The United Kingdom’s Financial Services Authority (FSA, the banking and securities regulator) has published a report Financial Risk Outlook 2010: the report cautions financial institutions that “accounting mismatches” have the potential to report profits in a deteriorating economy – which the FSA is predicting.