Financial Services Authority
Fitch Ratings : conduct regulation to intensify for UK banks and insurers
A separate UK regulator for conduct risk will boost its importance and is likely to raise costs for financial institutions, says Fitch Ratings. The...
Jubilee welcomes Regulator’s guidance on PPI as an important step in rebuilding consumer confidence
Jubilee, the specialist Lloyd’s insurer, has broadly welcomed the joint Financial Services Authority (FSA) and Office of Fair Trading (OFT) final guidance on Payment...
PPI remediation guideline “impossible”, warns Charter
The PPI remediation guidelines that have been issued by the FSA will be impossible for UK insurers and other financial institutions to achieve without...
FSA twin peaks date announced
The second of April 2012 has been outlined as a major milestone date in the regulatory reform programme for the Financial Services Authority (FSA)....
FSA wants £78m more funding
The Financial Services Authority (FSA) has announced it will require £78 million pounds more funding than it did last year, as it announces it's...
FSA appoints senior adviser
The FSA yesterday announced the appointment of Will Samuel to the role of investment banking senior adviser.
Samuel, who joins the FSA from Lazard and...
FSA warns successors before handover
The Financial Services Authority today outlined the need for a new regulatory approach for when successor bodies take over.
With just over a year to...
RBS respond to £2.2 million fine
The RBS has responded to the FSA's £2.17 million fine on two of it's subsidiaries, saying they acknowledged their failings and are “disappointed” that...
Direct Line and Churchill cop £2.17 in fines
Direct Line and Churchill Insurance, both subsidiaries of the Royal Bank of Scotland, have copped £2.17 million in fines from the FSA for altering...
FSA appoints new FSCS chairman
The FSA today announced who will be the Chairman of the Financial Services Compensation Scheme (FSCS) for the next three years. Lawrence Churchill will...
FSA : Peter Vipond to head new department
The FSA has appointed a new manager within their Insurance Division.
Peter Vipond will lead the new Insurance Sector and Prudential Support Department as...
OFT : starts probe to investigate UK private motor insurance
The Office of Fair Trading (OFT) has today launched a market study into the private motor insurance industry to “find out the reasons behind...
FSA : new director appointed
The Financial Services Authority (FSA) has appointed a new non-executive director to the Board of the Money Advice Service.
John Spence will take up his...
FSA : FCA approach document launched
The Financial Services Authority (FSA) has today outlined how its successor body charged with conduct and markets regulation will be tougher, bolder and more...
FSA : inquiry into Pru takeover bid for AIA
The Financial Services Authority has ordered an inquiry into Prudential's bid for Asian rival AIA, which collapsed last year leaving its shareholders with a...
Insurance brokers warn burden of regulation is bigger than tax
The British Insurance Brokers’ Association (BIBA) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector...
Financial rating : U.K. Insurer AXA Sun Life PLC Downgraded To ‘A-‘
Standard & Poor's Ratings Services said on September 15 that it lowered its long-term counterparty credit and insurer financial strength ratings to 'A-' from...
Goldman Sachs says Prudential’s Asian plan is right
Prudential should sell its American business before hiving off its Asian assets, a confidential strategic review designed to appease investor concern about its inherent...
Car insurance premiums soar by 14%
The cost of car insurance soared by 14% during the second quarter as insurers raised their prices in a bid to return to profit,...
General insurance firm director banned by FSA for Client Money failings
The Financial Services Authority has banned the director of a Manchester based mortgage and general insurance firm from holding senior positions in the financial...
