Regulation

The FSA has borrowed a total of £200m from two banking giants after falling into debt for the first time, reports suggest.

The FSA has banned a mortgage broker for failing to pay his regulatory fees.

The abolition of factoring as part of the RDR is the biggest worry among IFAs, according to a report from NMG Financial Services Consulting.

Employees at the holding companies of regulated firms may need to apply for FSA approved person status under new rules proposed today.

The FSA has been accused of betraying with-profits investors by allowing insurance companies to continue making compensation payments from inherited estates.

Consumers will be able to receive compensation within a week of a financial institution's collapse following the implementation of new rules from the FSA.

The FSA and financial ombudsman (FOS) are under pressure to name and shame firms that fail or refuse to pay FOS awards.

Skandia says proposals to ensure provider firms intervene in cases of ‘extreme' adviser charges go against the principles of the RDR.

HSBC subsidiaries have been fined a total of £3m for failing to protect their customers' personal data.

The Conservatives have said they will abolish the FSA and give the Bank of England greater responsibilities as part of radical plans to strengthen financial regulation in the UK.