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FSA

Wrap/platforms

Why things will never be the same for platforms

The platform market underwent permanent change in 2011.

clock 21 December 2011 •

Regulation

Why things will never be the same for regulation

Last year's promised changes to regulation - which have long been going on in the background - gripped financial services publicly.

clock 21 December 2011 •

Investment

RBS investment arm to be shrunk

Royal Bank of Scotland (RBS) is set to undergo a major scaling-down of its investment banking arm.

clock 20 December 2011 •

Service

Insurer fined £2.8m over 'high risk' commission driven staff

The Financial Services Authority (FSA) has fined Combined Insurance Company of America (CICA) £2.8m because its poor management of staff put customers at risk of being treated unfairly.

clock 19 December 2011 •

Regulation

FSA wins over MPs on plans to make warning notices public

MPs have put their weight behind plans for the regulator to be able to publish warning notices about a firm, even before a final decision is made in the case.

clock 19 December 2011 •

Mortgages

MMR: Interest-only applications must be assessed on capital basis

An interest-only mortgage application should be assessed as though it is a capital-and-interest deal, unless there is a "believable" strategy for repaying the loan that does not rely on house price inflation, the Financial Services Authority (FSA) has...

clock 19 December 2011 •

Mortgages

MMR: Existing borrowers cushioned from affordability testing

The Financial Services Authority has outlined plans to ease existing borrowers into new affordability proposals enshrined in the latest Mortgage Market Review consultation paper. proposals.

clock 19 December 2011 •

Mortgages

All you need to know about the latest MMR paper

All the key points from the final MMR consultation paper

clock 19 December 2011 •

Mortgages

MMR to cost industry up to £170m a year

The ongoing compliance costs of the Mortgage Market Review (MMR) proposals will cost the industry anything between £47m and £170m a year, with one-off implementation costs between £40m and £60m, according to the FSA.

clock 19 December 2011 •

Regulation

Ex-UBS wealth manager banned and fined £150k for lack of integrity

The Financial Services Authority (FSA) has banned and fined a former client adviser at UBS AG £150,000 for failing to act with integrity.

clock 16 December 2011 •
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