FSA commits to reviewing Arch Cru redress information

The FSA also committed to bringing "all parties involved in Arch Cru" - including Capita, HSBC, BNY Mellon and representatives of the Channel Island Stock Exchange - together to disuss the issue of the suspended fund range. More than 30 MPs attended a meeting in Westminster today to discuss widespread investor anger at what they feel is inadequate provision under the FSA-brokered scheme, and a lack of transparency over who is to blame for the funds' failure. Back bencher Tom Greatrex, who co-chaired the closed meeting of MPs and the FSA, said there is a "fairly strong feeling" among M...