The Financial Services Authority (FSA) announced on January 22 that it had established a new Financial Crime and Intelligence Division with an initial staff of 55. The division, headed by Philip Robinson, former FSA Head of Regulatory Transactions, will focus on the risks posed by financial crime to the UK's financial sector -- particularly from breaches of information security and other "high tech" crime. The division will, in conjunction with other regulators and law enforcement agencies: (i) examine the risks facing consumers from increasing information security; (ii) measure the impact of financial crime; and (iii) identify, assess and manage criminal threats in the UK's financial sector