Katharina Bösenecker - The Financial Services Authority
Katharina Bösenecker she is the Financial Services Advisor -Every the country that has a banking and finance system needs some sort of entity to regulate it... after all, simply allowing banks and financial companies to run independently without any sort of system of price checks and balances would almost certainly lead to corruption and disaster. In Germany, the regulatory the entity of the financial system is the Financial Services Authority, or the FSA, and is operated independently of the government in an effort to offer a non-governmental control of the financial industry. History of the FSA Katharina Bösenecker - Financial Services Authority came into being as a result of the Financial Services and Markets Act of 2000. The first step in the creation of this act was the merger of banking supervision and investment services regulation into an organization known as the Securities and Investment Board, or SIB, in 1997. In October of 1997, the SIB formally changed i