Regulation

The Serious Fraud Office (SFO) spent £1.3m on its ill-fated investigation into the collapse of Kaupthing Bank, a Freedom of Information (FoI) request has revealed.

The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.

The Financial Ombudsman Service (FOS) is set to ask the Financial Services Authority (FSA) to increase the amount it levies firms by £5.3m to £23m.

The Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.

Lawyers have said a High Court ruling permitting a couple to sue their IFA for more than £500,000, despite having accepted the maximum amount of compensation available via the Financial Ombudsman Service (FOS), is "bad news" for advisers.

Former FSA chief executive Hector Sants has been awarded a knighthood in today's New Year honours list.

The Financial Services Authority (FSA) has agreed to implement a six month maximum time scale for banks to complete their review and offer redress over interest rate swap mis-selling.

The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something...

A boiler room money launderer has been ordered by the court to repay £320,000 in ill-gotten gains.

The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.