Continue reading the main story Related stories FSA warns over mis-selling costs Q&A: Osborne's reforms FSA to clamp down on mis-selling The Financial Services Authority (FSA) is moving closer to banning the sale of risky financial policies to the public. The idea is contained in a consultation paper on its future powers to protect consumers. The powers would come into force alongside the introduction of the Consumer Protection and Markets Authority (CPMA) in 2012. The FSA's chairman Lord Turner said the regulator wanted to stage a "significant shift" in its approach. "The way we do things now is not good," he told the Financial Times. "We may have to put what is expected into rules to make...
↧
