London, June 14: International investment bank Credit Suisse First Boston (CSFB), whose securities arm has been temporarily barred in India from entering the trading ring by the Securities and Exchange Board of India (Sebi), is now facing a probe here by financial services authority (FSA) over a possible breakdown in its compliance regime.

The probe comes within months of Sebi penalising CSFB for its alleged role in share price manipulation, imposing a temporary ban and an investigation by US regulator SEC into share allocations in the floatation of high-tech stocks.

CSFB along with SBI Caps was mandated by the government to act as global advisor for privatisation of VSNL.

-- PTI