FSA

The Financial Services Authority is in discussions to remove the requirement on small intermediary firms to audit their accounts, in line with other small companies.

Trade and consumer groups have backed the FSA's condemnation yesterday of proposed EU reforms to financial services regulation, which would be costly and make suitability and product execution requirements far more onerous.

The Financial Services Authority should separate the team investigating regulatory breaches and the team which decides whether to take action against companies, suggests a review of the FSA's enforcement action process.

European legislators have proposed changes to client suitability requirements which imply an investor's suitability to, and knowledge of, financial services products can be deduced by their educational background or profession.

The Financial Services Authority (is to work with other industry bodies and firms to try to mitigate the increase in endowment mortgage complaints.

Households across the UK are facing a shortfall of £16bn because of the lack of growth in the endowment part of their mortgage, says research published today.

Households across the UK are facing a shortfall of £16bn due to the lack of growth on the endowment part of their mortgage, says research published today.

Law firm Lawrence Graham says sources close to the FSA review into enforcement action believe the report due next week will fail to recommend sufficient reform to the regime.

The Financial Services Authority is considering adding "clear examples" of key Conduct of Business rules affecting smaller financial services firms, as one of its proposals to reform the COB sourcebook.

THE FINANCIAL SERVICES Authority is looking at plans to scrap its anti-money laundering regulations which force banks and other financial services firms to bombard their customers for proof of their identification, reports the Daily Telegraph .