FSA must start to crack down on the banks

August 2009
Money Marketing;8/27/2009, p13
In this article the author discusses his sentiments about the need of Great Britain Financial Services Authority (FSA) to get serious in its regulation of banking advice. He says that it is not enough for the FSA to factor complaints into its usual supervision of firms. He emphasizes that the time has come for the FSA to get tough with the sector as a response to poor banking advice and, coupled with the concerns of the Financial Ombudsman Service (FOS).


Related Articles

  • Letters to the editor. Harding, John; Barnett, David; Naylor, Ned; Katz, Harry; Pinkney, Chris; Summerfield, Alan; Lewis, John; Heath, Greg // Money Marketing;8/27/2009, p12 

    Several letters to the editor are presented including the problem with the general practitioner independent financial adviser (IFA) for Great Britain Financial Services Authority (FSA), failure of the regular supervisory process of the FSA to address the concerns of the Financial Ombudsman...

  • FOS fee rise will hit PI costs.  // Design Week (Online Edition);10/7/2011, p64 

    The article reports on increase in Great Britain Financial Ombudsman Service (FOS) award limit by Great Britain Financial Services Authority (FSA) which will cause an increment in professional indemnity (PI) insurance costs for adviser firms. It informs that FOS award limit has increased to...

  • FCA climbdown sees higher than expected MAS bill. Holt, Natalie // Money Marketing (Online Edition);4/11/2013, p20 

    The article reports that the financial advisors seeks the fall in the Money Advice Service Ltd. (MAS) from 4.6 million pounds to 2.7 million pounds in Great Britain. It mentions that mortgage lenders opposes the plans that seeks the rise in MAS costs. It mentions that the Financial Services...

  • Which? way for FSA to get tough on the bad banks.  // Money Marketing;9/3/2009, p19 

    In this article the author discusses the efforts of Which? and the Financial Ombudsman Service (FOS) to address the growing complaints on bad bank advice through the Financial Service Authority (FSA) in Great Britain. The author states that Which? are receiving complaints from elder people on...

  • Letters to the editor.  // Money Marketing;10/7/2010, p40 

    Several letters to the editor are presented in response to articles in previous issues including one on the increase of Financial Ombudsman Service limit to 150,000 pounds in Great Britain, one on fair regulation from Financial Services Authority (FSA) for independent financial advisors (IFA),...

  • COMMENT: Serious complaint.  // Design Week (Online Edition);2/17/2011, p1746 

    The author reflects on the regulator of Financial Services Authority (FSA) in Great Britain comments about the consumers' complaints about the Financial Ombudsman Service. He refers to the complaints considered by FSA that helps in improvement of sales process of other distribution channels such...

  • The simple truth. Lakey, Alan // Money Marketing;8/2/2012, p23 

    The article focuses on delivering simplified products despite increasing regulations that make for lengthy brochure descriptions. It reviews the original thinking of having simple, cheap and flexible products that could be sold by banks and the insistence of the Financial Services Authority...

  • Letters to the editor. Webster, Simon; Stocks, Paul; Horn, Tony; Thomas, Dominic; Bamford, Nick; Bell, Adam; Bourke, Lorna; Caunt, Sam // Money Marketing;3/21/2013, p34 

    Several letters to the editor are presented in response to articles published in previous issues including "Why Cry Over Bank Advice Exits?," by Nic Cicutti, "FSA Stats: RDR Costs Could Reach £2.6bn in Five Years" and "It is Time to Rein in the FOS," by Alan Lakey.

  • IFAs busting for apology from FSA in figure furore.  // Design Week (Online Edition);2/17/2011, p178 

    The article reports that the business advisers have asked the Great Britain Financial Services Authority to apologise for its manipulation of Great Britain Financial Ombudsman Service complaint statistics in order to dispel Great Britain Institute of Financial Accountants' (IFA) claims that they...


Read the Article


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

Try another library?
Sign out of this library

Other Topics