Securities and Investments Board

noun

1. SIB. (from 1986 to 1997) a British regulatory body that oversaw London's financial markets, each of which has its own self-regulatory organization: replaced by the Financial Services Authority

Example Sentences

A review in 1996 by the-then UK financial watchdog the Securities and Investments Board urged the LME to examine warehousing and raised aspects of the relationship between warehouse companies and LME members which it said were potentially open to anti-competitive behavior.

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While Walker began his career in the Treasury and ended up running the former City regulator, the Securities and Investments Board in 1988, he went on to a City career which spanned both retail banking, at Lloyds, and investment banking at Morgan Stanley.

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That was followed by inquiries into his sale of Prudential shares, netting a profit in excess of £200,000, the day before a report from the Securities and Investments Board condemned the industry's mis-selling of pensions.

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