Regulation

The FSA has secured its first criminal conviction for boiler room fraud in a cold-caller share scam operation.

Panorama's expose of in-branch bank "advice" saw the hashtag army hit Twitter with a vengeance, and prompted one poster to answer the programme's title by brandishing a chinnyreckon.

FSA enforcement staff were thought "helpful, flexible, courteous" and professional by firms they have investigated, but lacking in technical knowledge, the regulator has said.

Stockbroker and investment managemer Charles Stanley has hit out at the Financial Services Compensation Scheme (FSCS) and called for a different levying system after being hit with a £2.6m bill to compensate Keydata customers.

The Financial Services Authority (FSA) has won two decisions in the High Court to take down two land banking firms it believes to be linked.

The Treasury Select Committee (TSC) has voiced fears over appointing former Bank of England (BoE) adviser Alastair Clark to the Financial Policy Committee (FPC).

A professional indemnity (PI) insurance provider has warned the FSA's decision to raise the Financial Ombudsman (FOS) compensation limit will impact on premiums, despite the regulator's assurances to the contrary.

The Financial Services Authority's (FSA) decision to up the redress limit at the Financial Ombudsman Service (FOS) will lead to more judicial reviews brought by angry firms, and harsher defending by the regulator, a City law firm has warned.

EASY AS ABC?

The FSCS will start notifying the "large number" of firms who claim they filled in the wrong tariff data used to calculate their interim levies whether they are entitled to money back.