FSA

CONDENSED

The Financial Services Authority (FSA) has fined Swiss-based French hedge fund manager Stefan Chaligné £900,000 and handed out a lifetime ban for market abuse.

The Financial Services Compensation Scheme (FSCS) will be able to make small claims payouts without even investigating the eligibility of claimants, under rules confirmed by the Financial Services Authority (FSA).

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority (FSA) head of conduct Martin Wheatley.

The Association of Independent Financial Advisers (AIFA) has warned that a proposed ban on cash rebates by platform service providers could lead to increased costs for consumers.

COMPLAINTS

LONG-STOP

The number of complaints to banks and building societies rose by almost 70% in the first half of the year, mainly related to sales of payment protection insurance (PPI), figures published by the Financial Services Authority (FSA) show.

The fund management industry has "nothing to hide" on charges, the Investment Management Association (IMA) said, following remarks from a Financial Services Authority (FSA) executive suggesting investors have "valid questions" about what it is they are...

Providers attempting to avoid being classified and regulated as platforms could see additional rule changes from the Financial Services Authority (FSA), according to its head of investments policy.