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OFT threatens to remove Swift's licence

Posted by Admin on 2011-06-23 16:08:30 BST

The Office of Fair Trading has warned sub-prime lender Swift, trading as Swift Advances and Swift Securities, that it must improve its lending and collections practices or it risks losing its Consumer Credit Licence.

MMR proposals - publication delayed until Autumn

Posted by Admin on 2011-06-23 16:00:42 BST

The Mortgage Market Review proposals will not be published before early autumn, Lord Turner, chairman of the Financial Services Authority, has revealed in the FSA's public meeting held in London today.

FSA Financial Crime Guide Consultation

Posted by H3 on 2011-06-22 16:59:16 BST

Speaking at the FSA’s financial crime conference, Tracey McDermott (acting director of enforcement and financial crime) explained that the Financial Conduct Authority (FCA) will assume the FSA’s responsibilities on financial crime and will continue to focus on “the use of firms as a conduit for financial crime”