Treasury criticises FSA advertising regs

In his letter to Callum McCarthy, chairman of the FSA, McFall points out the Financial Services Consumer Panel has said in the past it is “a quirk of the set up” financial advertising is not covered by the Advertising Standards Authority (ASA). But Donna Mitchell, press officer at the ASA, says it does regulate financial advertising and there are examples of judgments in the past where it has upheld complaints against financial services firms. In July, the ASA upheld a complaint against Barclays over a TV advert for its regular saver account, saying the advert was misleading and breac...