The consultation builds on the FSA’s Mortgage Market Review to date, and a key element is requiring that those selling mortgages ensure that each one sold is ‘appropriate’ for the customer’s needs and circumstances, therefore clarifying the role of the mortgage seller (both intermediary and branch based).
FSA gets in dispute with its RDR qualifications partner
The dispute comes as the City regulator has written to the awarding bodies warning them not to divulge information to the press. The FSSC, which worked with the FSA on RDR standards, has warned in a comment note that the watchdog’s bullishness regarding qualifications may harm consumer access to advice. Read More...
FSCS funding review left in limbo
The FSA has refused to commit to a timescale for consulting on reforming the Financial Services Compensation Scheme despite huge adviser anger over the latest £93m interim levy. Read More...
(S) UK MEASURES TO STEM BANK MELLI'S ASSET FLIGHT
S E C R E T SECTION 01 OF 03 LONDON 001597 NOFORN SIPDIS E.O. 12958: DECL: 06/10/2018 TAGS: EFIN, KTFN, ECON, MNUC, IR, UK SUBJECT: (S) UK MEASURES TO STEM BANK MELLI'S ASSET FLIGHT REF: A. STATE 60442 B. LONDON 1577 C. LONDON 1170 Classified By: Mark Tokola, E/MinCouns for Reasons 1.4 B & D Read More...
Cost of regulation to rise 10% on last year: FSA
The sum will stand at £500.5m for 2011/2012, which is up 10.1 per cent from the £454.7m levy in the previous year. Hector Sants, chief executive for the FSA, said: "The completion of the FSA's changes to move to a more intensive approach to financial services regulation has inevitably led to some increase in the FSA cost base. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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