Financial services

Delayed consultation on the transfer of Consumer Credit Regulation to the Financial Conduct Authority (FCA)

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The publication of a consultation paper on the new regulatory regime for Consumer Credit was due to be released in January. More …

The FSA finally takes action on interest rate swap arrangements

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Many years ago I prepared a complaint by a business to the Financial Ombudsman Service (FOS) – which deals with complaints against FSA authorised firms. The complaint arose out of the bank's requirement for the business to enter into an interest rate swap arrangement (IRSA) in support of a loan facility the bank was offering. More …