Compliance News

SRB market temporarily shuts after FSA review

03 February 2012 at 17:45

The sale and rent back (SRB) market has been temporarily closed following an investigation led by the Financial Services Authority (FSA), it was announced today (February 3rd).

RBS chairman says Hester’s pay is low in comparison to top businessmen

03 February 2012 at 14:24

The chairman of the Royal Bank of Scotland (RBS) has claimed Stephen Hester’s pay is low in comparison to top businessmen.

FSA maintaining stance on simplified advice, expert says

03 February 2012 at 14:23

The Financial Services Authority (FSA) remains committed to providing a solution to simplified advice ahead of the implementation of the retail distribution review (RDR), an expert has claimed.

AFR for 2012/13 to hit £578.4m, FSA says

02 February 2012 at 17:29

The Financial Services Authority (FSA) has revealed the annual funding requirement (AFR) for 2012/13 will increase 15.6 per cent to £578.4 million, it was announced today (February 2nd).

FSA targets small firms with compliancy workshops

02 February 2012 at 16:02

The Financial Services Authority (FSA) is bolstering its efforts to promote compliancy in small firms by offering a series of workshops, it has been reported.

FSA call for banker bonus reclaims over PPI scandal

02 February 2012 at 13:44

The Financial Services Authority (FSA) has called on Britain’s leading banks to reclaim bonuses paid to executives involved in the mis-selling of payment protection insurance (PPI), it has been exclusively reported.

Senior police inspector accused of insurance fraud

01 February 2012 at 21:25

Inspector Mohammed Razaq cleared of corruption but charged with making fraudulent insurance claims

Firms coming under “relentless attack” from fraudsters

01 February 2012 at 21:22

Fraud in 2011 has topped £3.5bn year, according to KPMG’s fraud barometer.

UK inflation continues to fall

01 February 2012 at 21:19

According to the Office for National Statistics, the Consumer Price Index for December 2011 fell to 4.2 per cent from 4.8 per cent in November, and was a full percentage point down from the 20-year high of 5.2 per cent in September.

Mervyn King rejects MPs' call for supervisory board

01 February 2012 at 21:17

The Bank of England governor Sir Mervyn King has rejected calls from MPs for a new supervisory board to strengthen its accountability and governance structures.