FSA

Former AMI director Richard Farr has given his backing to new compliance and redress advice service Telos Compliance which launches today.

Two directors of a mortgage brokerage have been fined a total of £60,000 for failures in self-cert mortgage sales, which could have led to fraud.

The FSA has written to the chief executives of the UK's banks, asking them to examine their firms' policies on remuneration.

Two firms have been fined a total of £45,500 by the FSA for failings relating to the sale of geared traded endowment policies.

ING Direct is to be the white knight for thousands of UK savers as it takes over £3bn of retail money held by Kaupthing Edge and Landsbanki-owned Heritable Bank.

The Bank of England will have a statutory responsibility to maintain financial stability following the introduction of a new banking bill.

Home Buyer Systems is launching a TCF review service for mortgage firms through its compliance support division, The Compliance Alliance.

The Building Societies' Association (BSA) has called for a debate on whether payments to the Financial Services Compensation Scheme (FSCS) should be risk-related.

The FSA has confirmed customer bank deposits will now be guaranteed up to £50,000 from Tuesday 7 October.

Advisers have expressed their anger at potentially having to foot the bill for the fallout from the near collapse of Bradford & Bingley.