FSA speaks on mortgage review: Sheila Nicoll spoke on dispelling the myths of the Mortgage Market Review. She stressed FSA is not already wedded to a particular course of action and that it will carry out a full cost benefit review of all proposals before it comes to a decision. She dispelled some of the myths that the market has self-corrected, giving her views as to why, for example, there are few self-certified mortgages any more. She explained why FSA thinks the various elements of its proposals will improve the markets