The ABI has urged the FSA against introducing "radical interventions" in product regulation in a strongly-worded rebuke of its recent discussion paper.
The High Court today ruled banks must look again at hundreds of thousands of PPI cases, following an unsuccessful judicial review by the British Bankers Association (BBA) against the FSA.
Regulation imposed by the FSA is a greater burden and competitive disadvantage on brokers than corporation tax, the British Insurance Brokers' Association (BIBA) has warned.
Hector Sants, the FSA chief executive, has admitted the "considerable" costs of implementing Solvency II may outweigh the short-term benefits to the industry.
Can you see a change in focus for the FSA's replacement, following its renaming to the Financial Conduct Authority (FCA), rather than the previously suggested Consumer Protection and Markets Authority (CPMA)?
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Paul Hudson of Cirencester friendly has given the FSA's judgement on Holloway plans the thumbs up but feels there is still more work to be done for the product.
The FSA has proposed linking the definition of a Holloway product to four key criterion, to pave the way for certain plans gaining exemption from RDR adviser charging rules.
The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.