Financial Conduct Authority

Mass mis-selling on the scale of the payment protection insurance (PPI) debacle will not be possible under the Financial Services Authority's replacement, the man who will head up the body has said.

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

MPs and Peers have been warned that proposals to publish warning notices will put some small firms out of business.

Stephen Gay, the director general of the Association of IFAs (AIFA), and Institute of Financial Planning (IFP) chief executive Nick Cann are among those set to discuss the new financial services regulatory regime with MPs this week.

Treasury Select Committee chairman Andrew Tyrie has called on individual firms to send him details of how much regulation costs them each year, which the committee will use to challenge further rule-making.

The Financial Services Authority (FSA) is pressuring the government to increase the compensation liability on firms giving poor advice, a law firm warns.

The Treasury Select Committee has today published the terms of reference for its inquiry into the Financial Conduct Authority (FCA), and is calling for evidence on how the new regulator should be interacting with the industry and using its intervention...

The Chartered Insurance Institute (CII) has called for more consultation on the Financial Conduct Authority's (FCA) proposed powers, citing concerns firms could be wrongly punished and consumer confidence damaged.

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.