FSA

FSA CEO Hector Sants has ruled out 'any dilution of the RDR proposals' in a personal submission to the TSC.

The FSA has hit out at what is says is the "topical myth" IFAs only cause 2% of Ombudsman (FOS) complaints, and claims they caused more than double the pensions grievances banks did last year.

A former City worker has been banned for performing a significant influence function without FSA approval.

The FSA has investigated packaged accounts sold by high street banks and forced at least one bank to refund customers after mis-selling.

Chancellor George Osborne has applauded the restructure of the FSA and reassured MPs the new regulator will not simply ‘tick boxes'.

The FSA has named more of the team who will run the UK's ‘twin peaks' financial regulation post-2012, including its current major retail groups' director Clive Adamson who takes control of firms' supervision.

The melting-down and recasting of the FSA to form two new regulatory bodies will cost £12.3m between 2010 and 2012, it was revealed today.

The Financial Ombudsman Service (FOS) has moved a step closer to making its decisions public, but is being held back by fears claims management companies will use the rulings as "ammunition" against firms.

JP Morgan Chase has hired Sally Dewar, the former head of risk at the FSA, to help manage its global response to regulatory change.

Only a quarter of firms forecast a shift to fee-only remuneration will benefit consumers, a wide-ranging study suggests.