An FSA spokesman said the regulator would "consider the report's findings and recommendations in detail", adding the FSA had put in place "a completely new model of supervision since the financial crisis".
More top news
Yorkshire Water says the tap water in Thorne, near Doncaster, is still not fit to drink after a contamination scare.
In December 2012, gunman Adam Lanza shot dead 20 children and six teachers in the Connecticut school, before turning the gun on himself.
The study, conducted by the European Banking Authority, looked at how much capital would be used up in adverse economic conditions.