Royal Bank of Scotland recruits former FSA regulator

Jon Pain, who worked at Financial Services Authority until 2011, takes new role overseeing regulatory affairs at bailed out bank A former regulator is joining Royal Bank of Scotland in a newly created role overseeing regulatory affairs and conduct as part of the effort by the bailed out bank to clean up its reputation in […]


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HBOS: don’t forget the regulators

In the spirit of looking beyond the bankers, consider the senior regulators at the time: the banking commission’s verdict on the FSA’s supervision of HBOS was damning How far should the fallout from the parliamentary commission’s devastating report on the failure of HBOS extend? Short answer: a lot further yet, whatever is argued in some […]


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Prudential boss given £7.8m pay package

Tidjane Thiam, boss of insurance company Prudential, has been awarded an increased pay package despite recent reprimand The boss of insurance company Prudential has been given a £7.8m pay package just days after he became the first serving FTSE 100 chief executive to be publicly reprimanded by the City regulator. Tidjane Thiam was given a […]


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Findings shame three executive bankers who brought down HBOS

Bank so poorly run it would have gone bust even without 2008 crash, parliamentary commission finds The three executives who ran HBOS bank in the runup to its near-catastrophic collapse have been slated for their “colossal failure” of management in a scathing report which calls for them to be held to account by the City […]


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FSA inaction over mortgage rate hikes sparks row with MPs

Regulator criticised over response to banks’ plan to invoke loan clause that significantly increases customers’ payments MPs are demanding answers from the City regulator about whether borrowers have been treated unfairly, as a row rages over a decision to dramatically increase monthly payments for thousands of Bank of Ireland and Bristol & West mortgage customers. […]


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FSA inaction over mortgage rate hikes sparks row with MPs

Regulator criticised over response to banks’ plan to invoke loan clause that significantly increases customers’ payments MPs are demanding answers from the City regulator about whether borrowers have been treated unfairly, as a row rages over a decision to dramatically increase monthly payments for thousands of Bank of Ireland and Bristol & West mortgage customers. […]


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FSA criticised over response to Bank of Ireland interest rate rise

Financial Services Authority accused of ‘falling short’ in calling to account Irish bank’s raising of rates on tracker mortgages City watchdog the Financial Services Authority has been accused of “falling short” in its efforts to call to account the Bank of Ireland for raising interest rates paid by thousands of mortgage holders. The embattled Irish […]


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Prudential boss Tidjane Thiam censured by FSA over ill-fated AIA bid

City regulator takes unprecedented action against Thiam as it fines the Pru £30m for not being open and co-operative Tidjane Thiam, the head of Prudential, has become one of the highest profile chief executives to be personally censured by the financial regulator, following an investigation into the insurer’s ill-fated bid for AIA three years ago. […]


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