FSA

Hector Sants, CEO of the FSA, is under fire at home as well as the office after his £3m plans to renovate a Victorian property have been slammed by local residents, the Daily Mail reports.

Sesame will use its second national conference on 27 November to discuss responses to the RDR Feedback Statement, due to be released two days before.

The FSA has petitioned the High Court to wind up the activities of an investment firm that was taking deposits illegally.

An insurance broker who covered up past convictions for fraud, and who defrauded his customers has been banned by the FSA.

Contracts for difference (CfDs) will require similar disclosure rules to major shareholdings and instruments which give the right to acquire shares, the FSA says.

The FSA will continue to enforce its ban on short selling on UK financial stocks following a 30-day review of the rule.

Mortgage fraud has doubled over the past year, according to figures from the Land Registry.

Scottish Widows has come under fire after incorrectly labelling a fast-track mortgage as a self-certified product, potentially leaving intermediaries vulnerable to FSA fines.

The FSA is prepared to pay more than necessary to recruit the "correct quality of people" as it ramps up regulation in the UK, chairman Lord Adair Turner admits.

Conservative leader David Cameron will implement sweeping financial reforms to fix the "broken" UK economy should the Tories take power.