FSA

The Treasury has today announced a raft of new measures to help struggling households deal with their financial problems.

The FSA still has "some hard lessons to learn" if its plans to implement principles-based regulation are to succeed, AIFA warns.

The FSA has announced a general disclosure regime for long CfD (contracts for difference) positions.

Moves to learn the lessons of the humiliating run on Northern Rock last autumn were announced by the "tripartite authorities" yesterday, The Independent reports.

Hector Sants, chief executive of the FSA, received a performance-related bonus of £114,000 despite major failings at the regulator.

The FSA says it anticipates 20% of larger firms will fail to meet its December deadline for demonstrating they are treating customers fairly (TCF).

The FSA has obtained a bankruptcy order against Samuel Nathan Kahn, who helped boiler rooms illegally sell shares to UK investors.

Mass-arrests for mortgage fraud like those seen in the US are unlikely to happen in the UK, according to a former FBI employee.

The FSA has only an ‘acceptable' score in the areas of mortgage regulation and regulation of small firms for the last financial year, according to the Financial Services Consumer Panel (FSCP) Annual Report .

The Association of Mortgage Intermediaries (AMI) says the gap between branch and intermediary product offers has narrowed considerably, and now favours the intermediary in some cases.