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FSA

Regulation

FSA confirms full interest rate swap mis-selling review

The Financial Services Authority (FSA) has confirmed that Barclays, HSBC, Lloyds and RBS will start the full review of their sales of interest rate hedging products (IRHPs) to small businesses after a series of failings were uncovered. 

clock 31 January 2013 •

Income

FSA to investigate £11bn annuity market

The annuity market will come under investigation by the Financial Services Authority (FSA) later today when a major review is announced.

clock 31 January 2013 •

TCF

FSA wants power to ban individuals during probes

The Financial Services Authority (FSA) wants the power to ban individuals while it is still investigating them for alleged wrongdoing.

clock 30 January 2013 •

Regulation

FSA: we will come down hard on firms after initial reviews

The Financial Services Authority (FSA) has said it will "come down hard" on those firms who continue to flout its rules after its first round of thematic reviews this year.

clock 30 January 2013 •

Regulation

Will-writing advisers may be dual-regulated

Proposals to make will-writing a legal activity requiring authorisation from a regulator are likely to be submitted to the Lord Chancellor next month.

clock 29 January 2013 •

Pensions

BBC's Panorama to probe UCIS in SIPPs

BBC's Panorama programme is investigating the use of unregulated collective investment schemes (UCIS) in self-invested personal pensions (SIPPs).

clock 28 January 2013 •

Investment

Due diligence: what you need to know to appease the FSA

Advisers need to look at the product first and the client second when they are doing due diligence to meet the "very high" standards the Financial Services Authority (FSA) expects, according to Regulatory Legal, a law firm specialising in financial services...

clock 28 January 2013 •

Economics / Markets

Tribunal upholds FSA decision to fine firm £8m for market abuse

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Swift Trade, a non-FSA authorised Canadian company with global operations, £8m for market abuse.

clock 28 January 2013 •

Regulation

FSCS sets aside extra millions for Keydata recoveries

The Financial Services Compensation Scheme (FSCS) is proposing to budget more than £7m for expenses related to recoveries in 2013/14, including from advisory businesses who recommended Keydata bonds.

clock 28 January 2013 •

Regulation

FSA under fire over swaps redress scheme

A Financial Services Authority (FSA) project to compensate thousands affected by the interest rate swaps mis-selling saga has been criticised for not having the victims' interests at heart.

clock 28 January 2013 •
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