The FSA could begin regulating the controversial sale and rent back industry as soon as July this year, a consultation paper has revealed.
The Kaupthing Singer & Friedlander Isle of Man Depositors Action Group (KSFIOMDAG) has called for an inquiry into the actions of the FSA and the Isle of Man regulator (FSC), along the lines of the investigation into the collapse of Equitable Life.
The FSA was warned in 2005 not to approve Kaupthing's takeover of Singer & Friedlander (S&F) following concerns over the way the Icelandic bank was run.
The IMA is calling for the FSA to regulate structured deposits and their distribution to customers.
The FSA has removed the permission of insurance and mortgage broker Aaron Nickols to conduct regulated activity, saying it has "serious concerns" over his firm's sales practices.
Regulation levels have barely increased since the beginning of the financial crisis, according to BDO Stoy Hayward.
I miss the lovely Mrs Merton. Remember that great moment when she sat on the settee and said to Boy George, 'Boy, I can call you Boy can't I? Karma, Karma, Karma chameleon, what was all that about then.'
A hedge fund made £90m in just a few days by betting against the price of Royal Bank of Scotland shares, it was revealed today.
A Lancashire-based financial adviser has been fined £28,000 for failing to advise clients of the risks associated with certain investments.
The financial innovation of the past decade has delivered minimal economic value and increased financial instability, according to the FSA's chairman.