FSA hardens stress regime with 'reverse tests'.

The article presents news briefs related to the financial services industry in Great Britain. The Treasury department has proposed several policy initiatives which are designed to reduce the impact of the possible failure of city investment banks. Paul Bartlett was hired by Morgan Stanley as managing director and head of fixed income capital markets for central and eastern Europe, Middle East and Africa. Brian Moynihan was promoted as chief executive officer (CEO) of Bank of America.