No cure for the befuddled FSA

Lakey, Alan
July 2009
Money Marketing;7/30/2009, p17
The author discusses his view on the Financial Services Authority's (FSA) confusing regulation in Great Britain. He states that the FSA had indicated that mortgages and protection would be left alone and then changed its policy. He discusses Dan Waters of the FSA and says that he hopes the FSA can find less intrusive and less costly solutions to minimize confusion.


Related Articles

  • Tories should talk about plain English. Mounty, Peter // Mortgage Strategy;7/27/2009, p14 

    The article discusses the move by the Tory Party in Great Britain to regulate the Financial Services Authority (FSA) on consumer protection. The political party has addressed the Bank of England as alternative to FSA regarding policies and strategies of financial institutions. In addition, the...

  • AMI says lenders should take blame for bad deals. Jones, Lee // Mortgage Strategy;1/8/2007, p9 

    The article discusses the response of the Association of Mortgage Intermediaries (AMI) to the discussion paper released by the Financial Services Authority in Great Britain. This discussion paper examines the responsibility of lenders and distributors when it comes to client treatment in the...

  • Crackdown on CRIME. Spicer, Stephanie // Mortgage Strategy;3/12/2007, p60 

    The article focuses on the incidence of mortgage fraud in Great Britain. The author stressed that the Financial Services Authority is trying to promote public understanding of the financial system and securing the appropriate degree of protection for consumers. The regulator is prepared to come...

  • 'Mortgage Day' Arrives in U.K. Sinnock, Bonnie // National Mortgage News;11/1/2004, Vol. 29 Issue 8, p12 

    Reports on the Financial Services Authority's (FSA) statutory regulation of mortgages in Great Britain. Need for mortgage brokers to be authorized by FSA; Operation of mortgage market participants under the Mortgage Code; Implementation of statutory regulation.

  • U-turn on advice would need new consultation. Thomas, Natalie // Mortgage Strategy (Online Edition);4/10/2012, p1 

    The article reports on the need for Great Britain's Financial Services Authority to consult the industry if it is planning to change its proposals for non-advised sales. The regulator's Mortgage Market Review (MMR) consultation paper was issued in December 2011, calling for non-advised sales to...

  • FSA caught napping by interest-only. Tirbutt, Edmund // Mortgage Strategy (Online Edition);11/26/2012, p16 

    The article reports that the Financial Services Authority (FSA) of Great Britain is investigating the interest-only sector and how lenders address the problems. The FSA has tightened relevant regulatory requirements in the final rules of the October 2012 Mortgage Market Review and plans to...

  • NEWS IN BRIEF.  // Money Marketing;1/10/2008, p2 

    The article reports developments related to money market in Great Britain. The cost of Mortgage Practitioners' pensions is more than double the official estimate. Aifa has attacked the Financial Services Authority for showing a lack of understanding of the financial sector in its response to the...

  • AR or DA -- it doesn't matter. Montlake, Andrew // Money Marketing;5/10/2012, p64 

    The author highlights some of the issues he finds interested that came out of the Mortgage Strategy Summit in Great Britain in May 2012. He reports that the debate centered on the question of whether lenders or the Financial Services Authority (FSA), has a preference for appointed representative...

  • FSA runs the risk of being overprotective.  // Money Marketing;7/16/2009, p35 

    In this article the author discusses the concern expressed by the Financial Services Authority (FSA) on the commission paid to investment advisers in Great Britain. He muses on the move of FSA director Dan Waters to have changed focus on the Retail Distribution Review (RDR) for investment...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics