“The Financial Services Authority (FSA) is investigating whether consumers are
getting a ‘fair dea’ when purchasing annuities, it has announced.”
OUT-LAW.com, 4th February 2013
Source: www.out-law.com
“Four banks will now compensate tens of thousands of small businesses who were mis-sold complex insurance deals, says the Financial Services Authority.”
BBC News, 31st January 2013
Source: www.bbc.co.uk
“The hindsight principle was not applicable to the determination of claims to client money for the purposes of a distribution under Chapter 7A of the Client Assets Sourcebook (‘CASS 7A’) issued by the Financial Services Authority in accordance with its powers under Part X of the Financial Services and Markets Act 2000.”
WLR Daily, 29th January 2013
Source: www.iclr.co.uk
“Attorney General, Dominic Grieve QC MP outlined steps taken to prosecute economic crime at the Cityforum round table. Originally given at City of London Guildhall. This is the text of the speech as drafted, which may differ slightly from the delivered version.”
Attorney General’s Office, 21st January 2013
Source: www.gov.uk/ago
“Peer-to-peer lenders such as Zopa, RateSetter and Funding Circle will be regulated by the new Financial Conduct Authority.”
Daily Telegraph, 7th December 2012
Source: www.telegraph.co.uk
“Clear, unambiguous rules on the administration of, and submitting to, the London Interbank Offered Rate (LIBOR) and other benchmarks will be included in the regulatory handbook, the Financial Services Authority (FSA) has said.”
OUT-LAW.com, 6th December 2012
Source: www.out-law.com
“The Financial Services Authority (FSA) is consulting on a new power that will enable regulators to ban financial products without consultation in certain circumstances.”
OUT-LAW.com, 5th December 2012
Source: www.out-law.com
“The Government launched its public consultation on the regulation of the London Interbank Offered Rate (LIBOR) today.”
HM Treasury, 28th November 2012
Source: www.hm-treasury.gov.uk
“UBS has been fined £30m by the UK’s Financial Services Authority – and could see its investment banking activities hampered by the Swiss regulator – after the former trader Kweku Adoboli was jailed for fraud.”
The Guardian, 26th November 2012
Source: www.guardian.co.uk
“Financial services, mobile telecoms and energy companies will be compelled by law to provide consumers with data they hold about their transactions or consumption in an ‘electronic, machine readable’ format, upon request, if they do not do so voluntarily, the Government has said.”
OUT-LAW.com, 20th November 2012
Source: www.out-law.com
“The identity theft and credit card insurance company CPP faces a £33.4m bill to pay fines and compensation to customers following the conclusion of a long-running investigation by the Financial Services Authority.”
The Guardian, 15th November 2012
Source: www.guardian.co.uk
“Lenders are to be banned from discriminating against ‘mortgage prisoners’ who are unable to get new loans because of negative equity.”
Daily Telegraph, 25th October 2012
Source: www.telegraph.co.uk
“The Bank of Scotland has been fined £4m by the City regulator after a series of blunders meant it paid more than £20m in compensation to the wrong customers.”
The Guardian, 19th October 2012
Source: www.guardian.co.uk
“Administering and contributing to the London Interbank Offered Rate (LIBOR) will become a regulated activity, while criminal sanctions will be introduced for ‘misleading statements’ in relation to the benchmark, the Government has confirmed.”
OUT-LAW.com, 18th October 2012
Source: www.out-law.com
“The Companies Act 2006 was a step, but we urgently need a commission on responsible capitalism.”
The Guardian, 2nd October 2012
Source: www.guardian.co.uk
“Type in ‘mis-sold mortgages’ on a Google search and you will discover literally hundreds of internet businesses vying for the opportunity to pursue a claim to the Financial Services Authority (FSA). If you thought PPI was big, you ain’t seen nothing yet; with millions already having been put aside to meet the thousands of potential claims that arise from possible mis-selling of mortgages during the boom years of 2004 to 2009.”
Hardwicke Chambers, 27th September 2012
Source: www.hardwicke.co.uk
“New rules abolishing the payment of commission on pensions and investments have not yet come into force, but financial advisers and product providers have already found ways to get around the ban, according to the Financial Services Authority (FSA).”
The Guardian, 1st October 2012
Source: www.guardian.co.uk
“Martin Wheatley’s 10-point plan includes stripping the BBA of its role and making Libor manipulation a criminal offence.”
The Guardian, 28th September 2012
Source: www.guardian.co.uk
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