The FOS recently published some notes on the complaints for the sale of GAP insurance which make interesting reading: Share and Enjoy:
New Regulatory Structure To Be In Place By Early 2013
February 8th, 2012At last…. news is slowly starting to filter through about the progress that is being made towards the new regulatory structure the government intends to introduce and its plans to transfer prudential supervision for banks, insurers and major investment firms to a subsidiary of the Bank of England, the Prudential Regulation Authority (PRA), and to rename the FSA [...]
Government Announces Its Intention To Transfer Responsibility For The Regulation Of Consumer & Small Business Credit From The OFT To The FCA
February 7th, 2012On 27 January, the Government published the Financial Services Bill, which will create new regulators for the financial services industry, including the Financial Conduct Authority (FCA) which will replace the FSA. Share and Enjoy:
FSA Warns Successors Before Handover
February 4th, 2012The Financial Services Authority has outlined the need for a new regulatory approach for when successor bodies take over. With just over a year to go before the change over, Martin Wheatley, managing director of the FSA and CEO designate of the Financial Conduct Authority (FCA), told a British Bankers Association audience that it was [...]
Financial Conduct Authority (FCA) – Firms Will Have Duty Of Care To Customers
February 3rd, 2012Financial services firms will have to provide an “appropriate” level of care to consumers as part of a strengthened consumer protection remit for the Financial Conduct Authority. Share and Enjoy:
