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Norwich Union Life fined for data control 'weaknesses'
News The Financial Services Authority (FSA) has fined Norwich Union Life £1.26m for failing to manage customer data adequately, resulting in financial crimes such as identity theft being committed against its customers. [17 Dec 2007]
FSA to do minimum for EU compliance
News Earlier this year the FSA criticised the European Union for failing to provide a cost-benefit analysis for the Markets in Financial Instruments Directive (MiFID), a regulation that will allow financial institutions to establish branches in other... [05 Dec 2005]
FSA warns to prepare for MiFID
News The FSA is asking financial companies to prepare for the European Union's Markets in Financial Instruments Directive (MiFID) - a regulation that will allow companies to provide services across borders and establish branches in other European states. [22 Nov 2005]
Banks get new Basel II compliance guidelines
News The FSA has issued its proposals in a consultation paper on the key aspects of UK implementation of the European Union's Capital Requirements Directive (CRD), which is closely linked to Basel II. UK financial industry regulator the Financial... [28 Jan 2005]
HSBC loses 370,000 customers' details
News FSA has fined insurer Norwich Union £1.26m after its lack of controls enabled fraudsters to cash in £3.3m in polices. The Financial Services Authority (FSA) has been informed about the loss and the bank faces a possible investigation, with the risk... [07 Apr 2008]
Firms 'wait and see' as MiFID deadline looms
News The Financial Services Authority (FSA) has calculated that the Markets in Financial Instruments Directive - MiFID - will create one-off implementation costs of between £870m and £1bn, with ongoing costs of £100m per year after that. [28 Nov 2006]
Want to know how much you should be putting into your pension fund?
News The workSMART Pension Calculator was developed by the Financial Services Authority (FSA) and the Association of British Insurers (ABI). The Trades Union Congress (TUC) has added the calculator to its http://www.workSMART.org.uk website, and hopes... [17 Jan 2003]
