Europe

Financial Services Authority Speech: Initiative to Outlaw Flawed Sales Bonuses that Encourage Mis-selling

Martin Wheatley, managing director of the Financial Services Authority (FSA) and chief executive officer designate of the Financial Conduct Authority (FCA), announced that he wanted to see an end to mis-selling created by sales incentives.
Originally Published: 
Wednesday, September 5, 2012

Financial Services Authority Proposes to Ban the Promotion of UCIS and Similar Products to Ordinary Retail Investors

The Financial Services Authority (FSA) has published proposals to ban the promotion of Unregulated Collective Investment Schemes (UCIS) and similar products to the vast majority of retail investors in the UK.
Originally Published: 
Wednesday, August 22, 2012

Financial Services Authority Consults on New Funding Model Review for the FSCS

The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which will continue to provide important reassurance to consumers but could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they
Originally Published: 
Wednesday, July 25, 2012

Financial Services Authority Fines Barclays £59.5 million for Significant Failings in Relation to LIBOR and EURIBOR

The Financial Services Authority (FSA) has fined Barclays Bank Plc (Barclays) £59.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR).
Originally Published: 
Wednesday, June 27, 2012

Financial Services Authority Introduces Rules Telling Banks to Display Depositor Compensation Arrangements

The Financial Services Authority (FSA) will require all banks, building societies and credit unions to prominently display posters and stickers in branches and on websites explaining which deposit guarantee scheme applies to their customers’ deposits.
Originally Published: 
Monday, May 28, 2012

Financial Services Authority Publishes New Rules to Ensure Pension Transfers are Suitable for Scheme Members

The Financial Services Authority (FSA) has published new rules and guidance, following consultation, to strengthen the protection for members of defined benefit pension schemes who are considering moving their money into personal pensions.
Originally Published: 
Friday, April 27, 2012

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