FSA

The Serious Fraud Office (SFO) has given up trying to prosecute anyone over the collapse of Keydata, as it has insufficient evidence to continue with the case, it has said.

The Office of Fair Trading (OFT) will not be part of the government's planned National Crime Agency (NCA), according to reports, in a further setback for the new body.

The FSA has launched High Court proceedings against land banking operations accused of scamming investors out of £45m.

At the time of writing, the banks are mulling whether to mount an appeal after they lost their judicial review against an FSA ruling on payment protection insurance (PPI).

The FSA has signed an agreement to share confidential information with US state regulators, in a deal the Americans say may be at the forefront of a trend towards collaborative regulation.

The FSA has revealed almost one member of staff left per day on average over the last year, doubling the previous year's rate.

The ABI has urged the FSA against introducing "radical interventions" in product regulation in a strongly-worded rebuke of its recent discussion paper.

The FSCS has recouped £28m from Norwich & Peterborough (N&P) after the building society admitted it mis-sold investors Keydata products, putting levy payers in line for a rebate.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

A boiler room scammer used a real IFA's name and FSA number to con investors out of thousands of pounds.