FSA to overhaul liquidity requirements

FSA to overhaul liquidity requirements

Story by: Catherine Couch, FinancialAdviser

The Financial Services Authority (FSA) has published a consultation paper proposing a far-reaching overhaul of liquidity requirements for banks, building societies and investment firms.

  • Time published: 11.06
  • Date published: 04.12.2008
  • Published in: Regulation

UK recession will be worst in the world

The UK recession will be "one of the worse around the world" and will be deeper than that seen in the early 1990s due to the banking crisis, a leading industry member has warned.

  • Date published: 05.12.2008

IFA pushed out by FSA's new capital requirements

The revised capital requirement proposed in the Retail Distribution Review (RDR), is already making small advisory firms shut up shop, for fear they can not meet what the Financial Services Authority (FSA) requires.

  • Date published: 05.12.2008

Financial services reputation tattered by crunch

The financial services sector’s reputation will lie in tatters for at least the next two years, according to research by law firm Eversheds.

  • Date published: 04.12.2008

Interest rates slashed to 2 per cent

The Bank of England's Monetary Policy Committee (MPC) has cut interest rates by 1 per cent today (4 December).

  • Date published: 04.12.2008

Bowe faces outcry over failed complaints long-stop plans

Amanda Bowe was heckled by Sesame members after she admitted she tried and failed to find a place for a long-stop for complaints against IFAs.

  • Date published: 04.12.2008

Tough year ahead shrouds potential opportunities

The end of the financial world is not nigh, according to Otto Thoresen, chief executive of Aegon UK and deputy chairman of the Association of British Insurers.

  • Date published: 04.12.2008

Sesame CEO urges industry to learn from its mistakes

The chain of bad judgements at all levels of the industry, which led to the financial crisis, must be prevented in future, according to Sesame.

  • Date published: 04.12.2008

RDR qualification requirements might 'force out' older advisers

The FSA must be careful not to force advisers out of the industry through overly strict qualifications requirements, warned the director of London-based Phoenix Wealth Management.

  • Date published: 04.12.2008

FSA spotlight stays on mortgage advisers

The FSA has set a deadline of 31 January 2009 for all mortgage lenders and administrators to ensure customers facing arrears are being treated fairly.

  • Date published: 04.12.2008

Standard Life appoints Scott to head distribution development

People on the move

  • Date published: 04.12.2008

Feature

The FSA's new broom

The FSA has published its Retail Distribution Review feedback statement outlining proposals to give consumers more confidence in the retail investment market, but how will it affect the industry?

  • Time published: 00.01
  • Date published: 01.12.2008
  • Published in: Regulation

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Feature

A window of opportunity opens for the industry

As the economic turmoil continues, RDR offers a chance to increase consumers' confidence in the financial services industry, say analysts

  • Time published: 00.01
  • Date published: 01.12.2008
  • Published in: Regulation

Feature

Tax spotlight - Nil rate band planning

Marcia Banner of Clerical Medical looks at why lifetime planning continues to be a fundamental estate planning step for married couples and civil partners, despite the introduction of a transferable nil rate band

  • Time published: 00.01
  • Date published: 01.12.2008
  • Published in: Regulation

Comment

Stand up and fight the RDR if that's what you believe

Three days on from the long-awaited RDR and it still doesn’t seem to be getting much of a positive response.

  • Time published: 12.26
  • Date published: 28.11.2008
  • Published in: Regulation

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