Regulation

Financial services will never rebuild trust with consumers or affect a change in the sector unless custodial sentences are imposed on those guilty of criminal wrongdoing, Chuka Umunna, shadow business secretary has said.

The Financial Services Authority (FSA) blocked just 30 out of a possible 227,000 applications from individuals to join the financial sector in the six years since the banking crisis erupted, a rejection rate of just 0.01%.

Loose central bank policies could threaten global financial stability when interest rates rise as lenders become "addicted" to central bank financing, the International Monetary Fund (IMF) has warned.

There is no reason why financial services shouldn't be ‘sexy' in a post-Retail Distribution Review (RDR) world, according to Rory Percival technical specialist at the Financial Conduct Authority (FCA).

There must have been more than a few sweaty brows last week when the HBOS disaster broke wide open in all its gory detail.

Former HBOS chief executive Sir James Crosby is to give up his knighthood and a third of his pension, according to reports.

The Consumer Insurance Act has been heralded as simply codifying current best practice within the insurance market. This does not reflect the fundamental change to pre-contract disclosure brought about by this legislation, abolishing the consumer's duty...

The Financial Conduct Authority (FCA) plans to use the element of financial penalties it retains after passing cash to the Treasury to lessen fees across those it regulates.

The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.

Business secretary Vince Cale is pushing forward on plans to ban three former HBOS directors from acting as company directors.