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Government announces audit of FSA effectiveness

The Government has announced that it is to carry out a wholesale audit of how effective the Financial Services Authority has been.

The Economic Secretary to the Treasury Ed Balls said the National Audit Office has been invited to carry out a review of the economy, efficiency and effectiveness with which the Financial Services

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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