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Banking Regulation Archive
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Sale and rent back schemes to have tighter regulation.
The Financial Services Authority (FSA) has announced new sale and rent back measures to reinforce their interim regulations launched on 1st July. The measures, designed to protect consumers in this previously unregulated market come into effect next June. The proposals include banning cold calling, and introducing a cooling-off period to give consumers more time to [...] -
FSA (fails to) Put the Cuffs on Banker Bonuses.
The Financial Services Authority is to introduce a new code that requires large banks and building societies to link employee bonuses to effective risk management, so discouraging short term risk taking. The code which comes into force in January, will only affect 26 of the original 47 banks proposed, and has two main objectives. Firstly [...]
