Financial Services Authority

Mehdi Hasan

Former FSA Chair Lord Turner Attacks Austerity And Warns Of Another Crash

HuffingtonPost.com | Mehdi Hasan | Posted 08.05.2013 | UK Politics

The former chair of the Financial Services Authority (FSA), Adair Turner, has called on the government to be "more cautious" about austerity and expre...

The FSA's pilot scheme on interest rate hedging products - a more sophisticated approach?

Andrew Brown | Posted 20.04.2013 | UK
Andrew Brown

First, a little background into the interest rate swap mis selling situation is perhaps required. Interest rate swaps were initially marketed to prote...

Carney's Number Two Announced At The Bank of England

The Huffington Post UK | Charlie Thomas | Posted 19.02.2013 | UK

The Bank of England has chosen Andrew Bailey to be Mark Carney's deputy governor when he steps into the role later this year. Bailey will also hold...

PPI Redress Delays Costs Lloyds Banking Group £4.3m

The Huffington Post UK | Charlie Thomas | Posted 19.02.2013 | UK

Lloyds Banking Group has been fined £4.3 million by the Financial Services Authority for delaying claims payments for those who were mis-sold payment...

UBS Fined £9.45m In New Mis-Selling Row

The Huffington Post UK | Charlie Thomas | Posted 12.02.2013 | UK

Swiss bank UBS has been fined £9.45 million for mis-selling the AIG Enhanced Variable Rate fund to hundreds of customers in the run up to the financi...

Charlie Thomas

Financial Watchdog Bares Its Teeth At Banks Over Interest Rate Swaps

HuffingtonPost.com | Charlie Thomas | Posted 31.01.2013 | UK

Bad news for banks, but good news for businesses on Thursday - The Financial Services Authority (FSA) has said it will investigate the mis-selling of ...

Bankers Want A Time Limit For PPI Claims - Should They Get It?

Charlie Thomas | Posted 18.01.2013 | UK

A bankers trade body has appealed to the Financial Services Authority (FSA) to introduce a time limit for customers who were mis-sold payment protecti...

Co-Op Slapped With £113,300 For Delaying Dealing With PPI Complaints

Charlie Thomas | Posted 23.01.2014 | UK

The Co-operative Bank has been fined £113,300 by the Financial Services Authority for failing to handle payment protection insurance (PPI) complaints...

Man Who Presided Over Collapse Of Northern Rock Given A Knighthood

PA/Huffington Post UK | Posted 28.12.2012 | UK

In a move bound to stoke controversy, the man blamed by politicians for the being "asleep at the wheel" in the build up to the collapse of Northern Ro...

Charlie Thomas

Gamekeeper Turned Poacher - FSA's Sants Joins Barclays

HuffingtonPost.com | Charlie Thomas | Posted 12.12.2012 | UK

Hector Sants - the former head of the City watchdog the Financial Services Authority (FSA) - is to become a game keeper turned poacher after being app...

Three Arrested In Connection With Libor Rigging

PA | Posted 11.12.2012 | UK

Three men were arrested on Tuesday in connection with an investigation into the rigging of the interbank lending rate Libor, the Serious Fraud Office ...

Charlie Thomas

Alternative Funding Model Gets A Nod From The Treasury

HuffingtonPost.com | Charlie Thomas | Posted 07.12.2012 | UK

The Treasury has announced that peer-to-peer lending will fall under the Financial Conduct Authority for its regulations, adding credibility and boost...

Downing Street Calls For Gas Price Fixing Inquiry

PA | Posted 13.11.2012 | UK

Downing Street has called for a speedy inquiry into allegations that Britain's £300 billion wholesale gas market has been "regularly" manipulated by ...

City Watchdog To Probe Gas Market Fixing

Posted 12.11.2012 | UK

The City watchdog has said it was investigating claims that the wholesale gas market has been manipulated by some energy firms. The Financial Servi...

FSA Slammed For RBS 'Serious Misjudgment' Over Disastrous Takeover Of ABN Amro

Charlie Thomas | Posted 19.10.2012 | UK

The financial watchdog and the Bank of England have received stinging criticism from MPs on the Treasury Select Committee over their behaviour during ...

How Much? Barclays Admits PPI Claims Will Cost More Than It Thought

Charlie Thomas | Posted 18.10.2012 | UK

Barclays Bank's announced today it has put aside a further £700 million to pay claims for mis-sold payment protection, taking its total claims pot to...

Charlie Thomas

We Need Global Regulation For Global Markets, Says Rolls-Royce

HuffingtonPost.com | Charlie Thomas | Posted 17.10.2012 | UK

Rolls-Royce's financial director Mark Morris said banking regulators must engage with companies to understand the stresses on the 'real economy'. S...

Charlie Thomas

Should This Man Be The Next Bank Of England Governor?

HuffingtonPost.com | Charlie Thomas | Posted 11.10.2012 | UK

Adair Turner, current chair of the Financial Services Authority, spoke at Mansion House in what many are describing as an open pitch for the Bank of E...

Who Should Run Libor?

Charlie Thomas | Posted 26.09.2012 | UK

The city is waiting with baited breath for Martin Wheatley's Libor reform report after the British Bankers Association reportedly voted to relinquish ...

Sir Mervyn King 'Told Barclays To Sack Bob Diamond'

PA/The Huffington Post | Posted 10.07.2012 | UK

Bank of England boss Sir Mervyn King told Barclays its chief executive Bob Diamond no longer had the support of his regulators before he quit, MPs hea...

What Will Bob Be Asked At Treasury Select Committee?

PA/Huffington Post UK | Posted 31.08.2012 | UK Politics

Barclays boss Bob Diamond's appearance before the Treasury Select Committee on Wednesday promises to be a more humbling affair than his last, when he ...

Another Financial Crisis Is Inevitable Unless Government Takes Steps to Tackle Short-term Business Culture

Lisa Nandy | Posted 23.06.2012 | UK Politics
Lisa Nandy

There are not enough incentives in the UK's economy to reward business that chooses to take a responsible, sustainable and long-term approach. Similarly, there is a distinct lack of disincentives to deter businesses from irresponsible choices.

FSA Chief Hector Sants To Quit

Huffington Post UK | Michael Rundle | Posted 16.03.2012 | UK

Hector Sants is to stand down as chief executive of the Financial Services Authority. He will leave the regulator at the end of June, the FSA confi...

Darling: Who Will Hold The Financial Decision-Makers To Account?

The Huffington Post UK | Chris Wimpress | Posted 21.02.2012 | UK Politics

Serious issues surrounding accountability are likely to emerge due to the increasing powers of the Bank of England and the European Union, former chan...

City Chief Laments 'Poor Decisions' That Cost RBS

Posted 30.01.2012 | UK

The near-collapse of Royal Bank of Scotland (RBS) followed a series of "very poor decisions" by executives including Sir Fred Goodwin, the head of the...