Regulation

Chancellor George Osborne has applauded the restructure of the FSA and reassured MPs the new regulator will not simply ‘tick boxes'.

The FSA has named more of the team who will run the UK's ‘twin peaks' financial regulation post-2012, including its current major retail groups' director Clive Adamson who takes control of firms' supervision.

The melting-down and recasting of the FSA to form two new regulatory bodies will cost £12.3m between 2010 and 2012, it was revealed today.

Only a quarter of firms forecast a shift to fee-only remuneration will benefit consumers, a wide-ranging study suggests.

Fewer firms welcome the RDR today compared with two years ago, according to a wide-ranging survey by the FSA Practitioner Panel.

The number of IFAs in FSA enforcement action is rising because of "mad and manic" regulation which goes further than that of any other G20 country, says a leading City lawyer.

The FSA is to run a series of roadshows to help IFAs prepare for the RDR, at a cost of £20 per adviser.

Financial advisers under FSA investigation are forced to undergo a police-style ‘interrogation' at Canary Wharf and are threatened with losing their permissions if they refuse to answer all of the regulator's questions, according to a solicitor close...

Alex Morris, partner and IFA at Financial Relationships, says the FSA intends newly accredited bodies to audit firms’ professional standards on its behalf post-RDR.

A senior investment banker and former FSA approved person has today been sentenced to three years and four months in custody for insider trading.