FSA should have halted RBS's ABN Amro deal

Parliament's cross-party Treasury Select Committee, chaired by Andrew Tyrie, also said banks needed a regulator with the self-confidence to intervene, even if that caused short-term destabilisation.


FSA fines Bank of Scotland £4.2m over record-keeping flaws

As well as excluding this group, the problem was compounded when BOS incorrectly contacted 33,700 customers who should never have been included in the programme, and mistakenly made goodwill payments totalling £20.4 million to 22,700 of them.


EIOPA’s QIS approach ‘not fit for purpose’, says Mercer

Not enough time has been given by the European Insurance and Occupational Pensions Authority (EIOPA) to consider the amendments needed to its approach to implementing Solvency II, to make it fit for the purpose of the IORP review, say Mercer.


Esma rejects Aima/BVI challenge

The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.