On 9 July 2010, the Financial Services Authority (FSA) fined David Head £10,500 for putting customers at risk of receiving unsuitable advice on Payment Protection Insurance (PPI).
We have reported previously on the UK government's proposals to reform the regulatory structure in the UK and abolish the FSA (click here to see our post).
On 8 July, the Financial Services Authority (FSA) banned Timothy Higgins, Clifford Felstead and Ralph Brunswick (who were found guilty in June 2008 of conspiring to defraud Markel, QBE and Amalfi Underwriting) from working in regulated financial services.
On 30 June 2010, the UK's Financial Services Authority (FSA) and Financial Reporting Council (FRC) published a joint discussion paper (DP) entitled "Enhancing the auditor's contribution to prudential regulation".
The Financial Services Authority (the FSA) has recently announced a temporary rule which will allow customers with complaints about the purchase of a payment protection insurance (PPI) policy more time within which to refer it to the Financial Ombudsman Service (the FOS).
We have previously reported on the UK Financial Services Authority's (FSA) Client Money and Asset Report (the Report), published in January 2010
The FSA has recently published a consultation paper entitled "Competence and ethics" (CP1012).
The Financial Services Authority (FSA) has recently published a report entitled "Anti-bribery and corruption in commercial insurance broking: Reducing the risk of illicit payments or inducements to third parties".
We reported recently on the passing of the Financial Services Act 2010 which granted the Financial Services Authority (FSA) new powers in a number of areas including reporting and control of short selling.
The Financial Services Authority (FSA) has recently published a report setting out findings from a resilience benchmarking survey of the insurance sector.