Treasury

The Treasury Committee is to undertake a short inquiry into mortgage arrears and access to mortgage finance as part of its continuing examination of the ramifications of the banking crisis.

The FSA was too focussed on its role as a consumer protector in the run up to the financial crisis and failed in its oversight of macro-prudential requirements, according to a House of Lords committee.

There should be a greater level of "productive overlap" between the Bank of England and FSA on financial supervision, according to a Government report on regulatory reform.

The Treasury will guarantee 90% of losses on toxic assets as part of its Asset Protection Scheme (APS), minister confirmed today.

The FSA was warned in 2005 not to approve Kaupthing's takeover of Singer & Friedlander (S&F) following concerns over the way the Icelandic bank was run.

The Kaupthing Singer & Friedlander Isle of Man Depositors Action Group (KSFIOMDAG) has called for an inquiry into the actions of the FSA and the Isle of Man regulator (FSC), along the lines of the investigation into the collapse of Equitable Life.

John McFall is to step down as chairman of the Treasury Select Committee at the next election, reports suggest.

The Government may delay the Budget until April as they evaluate a new economic stimulus plan, reports suggest.

The Treasury Select Committee has launched an investigation into the protection of UK savers investing in non-UK jurisdictions, in a bid to identify lessons learnt from the banking crisis.

Investors in residential mortgage backed securities (RMBS) are acting irrationally, and demanding excessive premiums, says the Council of Mortgage Lenders (CML).