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MEP demands better qualified ombudsmen
Outspoken MEP claims the ombudsman’s adjudicators should have “level six qualifications and five years practising experience”.
FSA allowing banks to ‘railroad' mortgage advice
Property company claims large lenders are “railroading” over consumer advice to the detriment of customers.
IMA tells MPs not to ‘interfere’ with ratings agencies
Economist agrees with the IMA’s assertion that credit rating agencies have made “responsible and sensible decisions”.
MEP demands better qualified ombudsmen
Outspoken MEP claims the ombudsman’s adjudicators should have “level six qualifications and five years practising experience”.
UBS faces action by UK and Swiss regulators
The FSA has started enforcement proceedings against investment bank UBS in relation to trading losses in the bank’s London operations, the regulator ...
Sants did hatchet job on FSA predecessor: MP
Mark Garnier MP has described how he was “stunned” at the way FSA boss Hector Sants blamed his predecessors for the regulator’s failings when he gave ...
FSCS breaks down a £40m interim levy to hit advisers
Advisers could be hit with an interim levy of £40m to cover investment failures from 2011, the Financial Services Compensation Scheme has announced.
Analysis & Opinion
The Bill stands out because it represents a shift away from the laissez-faire approach to regulation under the previous administration
Ashley Wassall: From deregulation to re-regulation
Latest proposals from government represent a shift away from Labour’s laissez-faire approach to regulation.
Spare a thought for the poor FSCS
The scheme is facing challenges with an increasing amount of compensation and a dwindling source of revenue
Philip Ryley: FSA fine over doctored files is harsh lesson
Despite lack of consumer detriment, regulator has shown its focus on full transparency and openness.
Time to cast your minds forward
As the 2012 deadline approaches, financial services industry readiness will be the name of the game
Latest regulation paper summaries:
Exchange traded funds rules
European guidelines on Ucits ETFs, index-tracking Ucits, efficient portfolio management techniques, total return swaps and strategy indices for Ucits ...
Updated listing rules for offshore advisory firms
Changes to the listing rules, which set out the requirements for companies listed in the UK, have been proposed in a 173-page FSA consultation paper.
Rules for alternative investment fund managers
“Significant changes” from July 2013 for alternative fund managers plus depositaries, valuers and administrators are outlined in an FSA discussion ...
More News
NIESR urges gov’t to crack down on shadow banking
The National Institute of Economic and Social Research has called on the government to address the issue of shadow banking as part of its approach to ...
Insurers hit hard by funding increase for fees and levies
The financial services industry has been hit with a £1.2bn bill to fund regulators and other government organisations.
Thesis joins campaign for finance education
Investment firm Thesis Asset Management has added its voice to calls for financial education in schools, warning that the lack of awareness was ...
‘Help is on hand for fund manager directive’
Financial institutions can rely on third-party help when it comes to meeting the Alternative Investment Fund Managers directive, Helvetic Fund ...
IFAs receive ‘glowing report’ in FSA research
The majority of consumers who use an IFA have been happy with the advice they have received, research by the FSA has revealed.
Sants urges firms to work with regulators
Authorised firms must change the way they think about regulation and accept higher costs, the chief executive of the FSA has said.