Lord Turner

The chairman of the Financial Services Authority (FSA) has defended the current system of regulatory fees and levies for small firms, arguing they are proportionate to the size of the firm.

Lord Turner, the chairman of the Financial Services Authority (FSA), has admitted the £350,000 remuneration package offered to Money Advice Service (MAS) chief executive Tony Hobman was "a bit too high".

The Financial Services Authority (FSA) has appointed the group finance director of Rathbones to a non-executive role on board of the Financial Services Compensation Scheme (FSCS).

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

The government this week passed legislation which officially ended contracting out of defined contribution (DC) pension schemes from April 2012.

FSA chairman Lord Turner last night said the amount of high quality capital banks should hold as a risk buffer should be double the current requirement.

The FSA's top brass is primed for a final face-off with the Treasury Select Committee (TSC) on the RDR next week, and advisers want MPs to hit the regulator with its fiercest interrogation yet.

RBS has blocked the FSA from publishing a report into the circumstances leading to its taxpayer bailout.

Free banking for those in credit is expensive to the financial sector, kills competition and stops new providers setting up, Lord Turner told the Treasury Select Committee yesterday.

FSA chairman Lord Turner has warned regulators will have the power to cap mortgages using credit control powers last enforced in the 1980s.