The FSA has referred PricewaterhouseCoopers (PwC) for investigation after failing to spot "serious" banking failures at J.P.Morgan.

Chris Headdon, the disgraced former chief executive of Equitable Life, is free to return to the City after being banned by the FSA for six years for his part in the insurer's near-collapse.

The move by the FSA to revert back to a more prescriptive form of Training and Competence (TC) rules is a "clear indication" its principles-based approach failed, says the Personal Finance Society (PFS).

The FSA and the FSSC need to agree on who is doing what and why in order to send a clear message to the market, Nick Cann says.

Embattled BP chief executive Tony Hayward has reassured pension schemes the firm's obligations will be met but fails to guarantee dividends.

Financial penalties levied on Equitable Life's former auditors Ernst & Young (E&Y) have been drastically reduced by the accountancy profession's disciplinary body.

AIFA says the FSA's planned 30-month time limit for new advisers to qualify is one "arbitrary number" in a paper it says raises more questions than it answers.

The FSA could wrench the mandate to update qualifications standards from the Financial Services Skills Council (FSSC), and force a review of the criteria every three years.

Norwich & Peterborough (N&P) Building Society is offering victims of failed investment vehicle Keydata £2m in interest-free loans until the end of the year.

The FSA has lost its first insider dealing case, as a finance director and two lawyers walked free from court today.