The Financial Services Authority has urged the European Commission to consider whether a more principles-based approach to regulation would achieve its desire to integrate mortgages across the EU.
FOLLOWING CRITICISM of the chancellor's spending review on Monday, the Guardian this morning says Brown expects to plug the gap thanks to an improvement in financial services and the revenue earned by city workers' huge bonuses.
FSA chief executive John Tiner has defended the regulator's recent focus on providers' capital requirements by stating there is no conspiracy to rid the industry of firms of ‘mutuality'.