FSA confirms new consumer redress committee

The Coordination Committee (CC), which will draw together specialists from the three bodies to spot emerging risks, has already met in February when it examined a range of market risks including those posed by ETFs, SIPPs and housing and mortgage market-related threats. Hailed by the regulator as part of the government's "vision for strengthened and formalised coordination" between the ombudsman and the regulator, membership of the CC comprises the FSA's conduct risk division, the executive director of the OFT's markets and projects group and the ombudsman service's decisions director.  ...