FSA News
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News : Topics : FSA The FSA or Financial Services Authority is the statutory regulator of many financial industries. It was originally responsible for overseeing investments and the City, but recently its role has expanded. It now overseas the mortgage industry and general insurance, including the common types of insurance such as home insurance, car insurance, travel insurance and more. Any company operating in these areas has to be approved by the FSA and has to accept its regulation. The FSA has government-backed power to fine transgressors or to withdraw authorisation from them, effectively banning them from the industry. News Stories on FSA:
FSA To Probe Bad Credit Mortgages - Finance watchdog to investigate whether bad credit mortgages serve customers (10/04/2007) Royal Liver Fined - FSA fines insurer over mis-sold investment policies (11/04/2006) 'Positive Outcome' to FSA Mortgage Business Review - Financial Services Authority says mortgage business in 'good shape' in respect to authorisation (06/05/2005) FSA Places Travel Insurance Broker in Liquidation - The Financial Services Authority acts against a broker selling invalid travel insurance policies (03/05/2005) City Index Ltd Fined by FSA - Company fined £35,000 for misleading financial promotions for spread betting and Contracts for Differences (CFDs) (23/03/2005) Penny Share Tipsters Fined - The FSA fines Highbury Financial Services Ltd £35,000 for misleading advertising (03/03/2005) Investor Fined for Internet Market Abuse - Shareholder fined £15k for posting sensitive company data online (02/03/2005) FSA Warns Over Endowment Complaints - The Financial Services Authority issues a warning over endowment complaints-handling procedures (05/01/2005) Bradford and Bingley Fined £650,000 for Mis-selling - The Financial Services Authority fines bank over mis-selling of investments (22/12/2004) FSA Warns of Stricter Banking Regulation - The financial watchdog is unhappy about aspects of the banking industry's performance (25/11/2004) |
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