Distressed book sales cause concern for FSA

May 2009
Money Marketing;5/21/2009, p19
The article reports on the growing concern of the Financial Services Authority (FSA) over unregulated firms that buy distressed mortgage books in Great Britain in 2009. Continued increase in the sales of mortgage products under unregulated companies could possibly threaten the market position of wholesale-funded lenders. The situation offers FSA the problem on how it shall limit and eventually prevent the problem among regulated funds.


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