Reuters first on regulation: FSA’s Sants, uptick rule & mark-to-market

The chief of Britain’s Financial Services Authority warned bankers they should be “very frightened” because the FSA is beefing up its oversight in an exclusive Newsmaker event at the Thomson Reuters offices in Canary Wharf. Reuters was 7 minutes ahead of Dow Jones and 23 minutes ahead of Bloomberg on March 10 with news that the Securities and Exchange Commission was considering to reinstate the uptick rule to reign in short selling as early as April. Reuters was alone also on March 13 with the news that FASB had changed its agenda to discuss further guidance to controversial mark-to-market accounting rules on March 16. The Reuters headlines were quickly picked up and mentioned on air by CNBC, which credited Reuters.