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Implementation of financial stability measures for Lloyds Banking Group and Royal Bank of Scotland
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
Following discussions with Lloyds Banking Group (Lloyds) and Royal Bank of Scotland (RBS) in respect of their participation in the Government’s Asset Protection Scheme (APS), HM Treasury has announced that Lloyds will not participate in the APS and instead will raise additional private sector capital and pay a fee to the taxpayer for the implicit protection provided to date
FSA enforcement
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The FSA has fined GMAC-RFC Limited £2.8 million for failing to treat mortgage customers fairly who were in arrears or subject to repossession proceedings, in breach of Principle 3 (Management and control) and Principle 6 (Customers’ interests
Examining the causes of the financial crisis
- Norton Rose Fulbright LLP
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- Global, United Kingdom
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- November 9 2009
The FSA has published a speech that Adair Turner (Chairman, FSA) gave at the Economic Club of America and National Journal Group
Handbook Development Newsletter 116
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The FSA has published issue 116 of its Handbook Development newsletter which contains: Information about recent Handbook-related and other developments
Lending watchdog strengthens customer protection
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The British Bankers' Association (BBA) has released a statement relating to the new Lending Code which came into force on 1 November 2009
Large systemically important banks: addressing the too-big-to-fail problem
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The FSA has published a speech that Adair Turner (Chairman, FSA) gave at the recent Turner Review Conference
BBA statement on bank restructuring
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The British Bankers’ Association has released the following statement on bank restructuring
FSA publishes new web pages and revised approach document on payment services requirements
- Norton Rose Fulbright LLP
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- United Kingdom
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- November 9 2009
The FSA has added to its website a new page entitled ‘Being a payment institution’ which provides information on the obligations and notification requirements applying to payment institutions regulated under the Payment Services Regulations 2009
