FSA

There seems to be a quiet rumble of noise across the industry about the way in which regulation is changing. With the move towards principles-based financial services regulation there appears to be a shift of responsibility on other bodies whose role...

Almost two-thirds of consumers are confident financial firms treat their customers fairly, according to research from the Financial Services Authority.

The Financial Services Authority must not be allowed to place pressure on organisations to produce industry guidance as a substitute for regulation, the Association of British Insurers has warned.

The Financial Services Authority has appointed Lesley Titcomb as director of the regulatory transactions division.

A report into the handling of Equitable Life complaints by the Financial Ombudsman Service has concluded the behaviour of FOS has left "an abiding and entirely justifiable sense of disillusionment, frustration and injustice".

Although I agree with the regulators move to lighter touch and principle-led compliance, I sometimes miss the old style heavy-handed compliance regime with thousands of pages of rules and guidance to read.

The FSA's latest outlook on systemic risks facing the industry focuses heavily on the role of intermediaries and intermediation processes as an area to keep under control.

Last October Callum McCarthy started a speech he delivered at Gleneagles by saying that in the 18th Century we exported our convicts to Australia. It appears that at the start of the 21st Century some (Australians, not convicts!) have made the return...

The Financial Service Authority says an investigation into the use of endowment time bars has found companies are applying them fairly, contrary to criticism from consumer bodies.

GE Capital Bank is the first of several large financial services firms to receive an FSA fine for its handling of payment protection insurance sales.