FSA gets tough on financial product approval

<p>The Financial Services Authority is poised to issue its first “health alerts” on financial products.<br /><br />The FSA’s enforcement director Margaret Cole said this week she would not wait for anticipated tougher consumer protection powers from the EU to embark on “product intervention”, and a crackdown had already begun.<br /><br />The regulator had already been vetting products in the pipeline and told firms to “go back and add features to a product to bring about greater comfort on our part”, Ms Cole, pictured, said.</p><p> </p>

FSA gets tough on financial product approval

The Financial Services Authority is poised to issue its first “health alerts” on financial products. The FSA’s enforcement director Margaret...

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