Regulation

The FSA has fined Credit Suisse £5.6m for breaching FSA Principles 2 and 3 by failing to conduct its business with due skill, care and diligence and failing to organise and control its business effectively.

The FSA has postponed publishing its feedback on the Retail Distribution Review (RDR) until November.

The Intermediary Mortgage Lenders Association (IMLA) has hit back at the FSA for suggesting specialist lenders are not adhering to TCF principles when handling arrears.

The FSA Markets Division has launched a review of the systems and controls in place at firms for dealing with market rumours.

The Financial Services Skills Council (FSSC) has published The Skills Bill: a Sector Skills Agreement for the financial services industry in England in a bid to tackle key issues within the industry.

Nearly 40pc of annuity firms fail to provide clear information to consumers regarding the use of the open market option (OMO) to purchase an annuity, according to a review by the FSA.

The FSA has fined Liverpool Victoria Banking Services (LVBS) £840,000 for serious failings in the sale of single premium Payment Protection Insurance (PPI).

The FSA has provided a preliminary assessment of Aviva's £1bn proposed reattribution offer to policyholders, saying it is fair.

The FSA and City of London Police have today arrested eight individuals and executed search warrants across London and the South East in connection with a major ongoing investigation into insider dealing rings.

The FSA has appointed former Cheltenham & Gloucester head Jon Pain as its new managing director for retail markets.