FSA

RED ALERT

The Financial Services Authority (FSA) has cancelled an adviser's Part IV permissions for his failure to submit a Retail Mediation Activities Return (RMAR) for 2011.

The British Bankers Association (BBA) has come under fire from a former member of the LIBOR compilation team at Thomson Reuters, who claims the organisation was told on a weekly basis in 2008 that the rates were being distorted.

The Financial Services Authority (FSA) is refusing to change the Financial Services Compensation Scheme (FSCS) sub-classes, despite anger from advisers about having to pay for Keydata failure.

The Financial Services Authority (FSA) has promised that one of its replacement bodies, the Financial Conduct Authority (FCA), will not be a retrospective regulator.

The Financial Services Authority (FSA) has 'overstepped the mark' in a letter urging professional indemnity insurance (PII) insurers to pay out on Arch Cru claims, according to a lawyer.

The Financial Services Authority (FSA) has said it remains ‘unconvinced' about the idea of replacing the current Financial Services Compensation Scheme (FSCS) funding model with product levies, despite arguments it could create a fairer system.

The Association of Independent Financial Advisers (AIFA) will challenge a proposed 50% increase in the threshold for the investment intermediation class under the Financial Services Compensation Scheme (FSCS).

The Financial Services Authority (FSA) has set out proposed changes to the funding of the Financial Services Compensation Scheme (FSCS).

Chairman of the Financial Services Authority (FSA) Lord Turner is interested in becoming the next governor of the Bank of England, The Times reports.