FSA
27/04/09
Over 65s most likely to be targeted by share fraudsters, warns FSA
- 35% of people targeted by share fraudsters in the last year were over 65;
- 23% of people aged over 65 felt they could become victims of fraud in 2009,
- yet nearly 49% did not think there was enough information on how to protect themselves from fraud;
- and 41% of the people questioned who did not know that fraudsters could use personal details in passports, driving licences and mortgage applications to steal their identity, were aged over 65.
See www.moneymadeclear.fsa.gov.uk/ the FSA’s new consumer website
24/04/09
FSA implements changes to simplify Financial Services Compensation Scheme
see the FSA’s website
www.fsa.gov.uk/pages/Library/Policy/Policy/2009/09_07.shtml
New banking regulation promotes fairness for consumers
The Financial Services Authority (FSA) will take over all retail banking conduct regulation for deposit taking and payment services in November 2009.
Currently, the Banking Code Standards Board (BCSB) monitors and enforces voluntary Banking Codes which govern banks’ day to day relationships with their customers.
From November, these arrangements will be replaced by new FSA rules which all banks, building societies and credit unions must follow.
www.fsa.gov.uk/pages/Library/Policy/Policy/2009/09_06.shtml
17/04/09
Dunfermline Building Society
The FSA has published its response to the Chancellor of the Exchequer outlining the key points in the development of problems at Dunfermline Building Society and the FSA's supervisory approach.
The full contents of this letter can be found at the following link on the FSA's website:
http://www.fsa.gov.uk/pubs/other/response_Dunfermline.pdf
FRC/APB
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London Stock Exchange
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