The review will look into the “broader issues” arising from the MF Global administration with a particular focus on the time it took for assets to be returned to investors.

In October 2011, MF Global was the first firm placed in the FSA’s special administration scheme.

The SAR is set up to ensure clients assets are returned as soon as possible and to either rescue the investment firm as an ongoing concern or wind it up in the best interest of creditors.

The review was announced as part of the Government’s proposals, published today, to help authorities deal with financial failures.

It focuses on possible failures of investment firms, central counterparties, other financial market infrastructure firms and insurance banks.

The Government has deemed that all investment firms have the potential to be systemic and, should they fail, pose a risk to the UK’s wider financial stability and is proposing the introduction of a resolution regime for systemic investment firms incorporated in the UK.

Investment is involved in many areas of the economy, such as business management and finance whether for households, firms, or governments.

The Government says the regime would be extended to capture the parent undertakings of systemic investment firms and deposit taking institutions.

Oliver Ilie is a business journalist based in Sydney, Australia. Oliver has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Oliver spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.