In December 2016 OFSI consulted on guidance to support monetary penalties and today publishes guidance alongside a summary of consultation responses.
Rena Lalgie, Head of OFSI, commented: Well continue to provide information and guidance to business, industry, the public and charitable sectors to facilitate compliance with financial sanctions.
127) As the result, OFSI enjoys powers similar to those of the FSA with respect to directors and officers of financial institutions; in principle, it can second-guess the decisions of shareholders and boards about who should run the firm.
In 2004, OFSI announced that it would no longer treat so-called "global-style" liquidity lines as off-balance-sheet assets, meaning that they would be subject to a capital requirement.
El resultado es que la banca de inversion esta bajo la estrecha supervision de la OFSI
, el mismo regulador responsable de la supervision de bancos comerciales.
will be a centre of excellence for financial sanctions, raising awareness and providing clear guidance to promote compliance with financial sanctions, providing a professional service to the public and industry, and working closely with other parts of government to ensure that sanctions breaches are rapidly detected and effectively addressed.