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	<title>Banking Times: Daily Banking News &#187; Financial Services Authority</title>
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	<description>Daily Banking News at Banking Times, the UK&#039;s leading independent banking news publication.</description>
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		<title>FSA bans Sinha and issues £2.867m fine</title>
		<link>http://www.bankingtimes.co.uk/2012/01/31/fsa-bans-sinha-and-issues-2-867m-fine/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/31/fsa-bans-sinha-and-issues-2-867m-fine/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 11:49:30 +0000</pubDate>
		<dc:creator>Richard Kilner</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18177</guid>
		<description><![CDATA[Ravi Shankar Sinha has been fined £2.867m by the Financial Services Authority (FSA) for fraudulently acquiring for himself £1.367m from a company owned by a private equity fund advised by JC Flowers. The fine consists of £1.5m punitive element and £1.367m disgorgement, and Sinha has been barred from performing any function in relation to any [...]]]></description>
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		<title>FSA appoints investment banking advisor</title>
		<link>http://www.bankingtimes.co.uk/2012/01/30/fsa-appoints-investment-banking-advisor/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/30/fsa-appoints-investment-banking-advisor/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 16:10:57 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking Jobs News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Investment Banking News]]></category>
		<category><![CDATA[Will Samuel]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18170</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has appointed Will Samuel to the role of investment banking senior advisor. Mr Samuel, who takes up the post today (30th January), has more than 35 years of experience in investment banking, most recently as vice chairman of Lazard &#038; Co. Commenting on the appointment, FSA chief executive, Hector Sants, [...]]]></description>
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		<title>Government publishes Financial Services Bill</title>
		<link>http://www.bankingtimes.co.uk/2012/01/27/government-publishes-financial-services-bill/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/27/government-publishes-financial-services-bill/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 15:33:39 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Financial Services Bill]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18145</guid>
		<description><![CDATA[The Government has today published legislation aimed at strengthening financial regulation in the UK. According to Financial Secretary to the Treasury, Mark Hoban, the Financial Services Bill sets out a &#8220;clear, coherent and comprehensive regulatory framework&#8221; that should help mitigate against future risks to stability. In brief the Bill: 1. Gives the Bank of England [...]]]></description>
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		<title>Consumer credit websites found wanting</title>
		<link>http://www.bankingtimes.co.uk/2012/01/13/consumer-credit-websites-found-wanting/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/13/consumer-credit-websites-found-wanting/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 08:20:40 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Borrowing & Lending News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Consumer Credit Directive]]></category>
		<category><![CDATA[EU law]]></category>
		<category><![CDATA[websites]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18026</guid>
		<description><![CDATA[An EU-wide investigation of websites offering credit cards and other consumer credit has resulted in 70% (393) of sites examined being referred for further investigation. Checks took place to see whether consumers are receiving the right information under EU law before signing a consumer credit agreement. They focused in particular on the Consumer Credit Directive, [...]]]></description>
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		<title>FSA: new rules on deposit protection publicity</title>
		<link>http://www.bankingtimes.co.uk/2011/12/14/fsa-new-rules-on-deposit-protection-publicity/</link>
		<comments>http://www.bankingtimes.co.uk/2011/12/14/fsa-new-rules-on-deposit-protection-publicity/#comments</comments>
		<pubDate>Wed, 14 Dec 2011 08:25:07 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Savings & Investment News]]></category>
		<category><![CDATA[compensation]]></category>
		<category><![CDATA[deposit protection]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17893</guid>
		<description><![CDATA[The Financial Services Authority (FSA) is planning to make it obligatory for all banks, building societies and credit unions in the UK to prominently display how much compensation savers could claim in the event of an institution failing, and where from. The information will need to be displayed in every branch and on all websites. [...]]]></description>
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		<title>FSA publishes report on RBS failure</title>
		<link>http://www.bankingtimes.co.uk/2011/12/12/fsa-publishes-report-on-rbs-failure/</link>
		<comments>http://www.bankingtimes.co.uk/2011/12/12/fsa-publishes-report-on-rbs-failure/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 06:48:44 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[RBS News]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[report]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[Sir Fred Goodwin]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17870</guid>
		<description><![CDATA[In its long-awaited report on the failure of Royal Bank of Scotland (RBS), the Financial Services Authority (FSA) concludes that poor decisions made by the RBS management and board, deficiencies in the global capital regime and flaws in the FSA’s supervisory approach were all to blame. Specifically, the report concludes that the failure of the [...]]]></description>
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		<title>FSA confirms Northern Ireland credit union switch</title>
		<link>http://www.bankingtimes.co.uk/2011/12/11/fsa-confirms-northern-ireland-credit-union-switch/</link>
		<comments>http://www.bankingtimes.co.uk/2011/12/11/fsa-confirms-northern-ireland-credit-union-switch/#comments</comments>
		<pubDate>Sun, 11 Dec 2011 08:28:34 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[credit unions]]></category>
		<category><![CDATA[Northern Ireland's]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17866</guid>
		<description><![CDATA[The Financial Services Authority (FSA) and HM Treasury have announced that Northern Ireland’s credit union customers will have their deposits protected to the value of £85,000. The change comes into effect on 31st March 2012 when regulation of all the province&#8217;s 177 credit unions passes from the Northern Ireland Department of Enterprise and Investment to [...]]]></description>
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		<title>FSA fines HSBC £10.5m</title>
		<link>http://www.bankingtimes.co.uk/2011/12/05/fsa-fines-hsbc-10-5m/</link>
		<comments>http://www.bankingtimes.co.uk/2011/12/05/fsa-fines-hsbc-10-5m/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 11:10:35 +0000</pubDate>
		<dc:creator>Richard Kilner</dc:creator>
				<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[NHFA]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17789</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has fined HSBC £10.5m, a retail fine record, following its subsidiary NHFA Limited (NHFA) giving elderly customers inappropriate investment advice. In addition to the fine an estimated £29.3m will be paid out in compensation to NHFA customers. From 2005 to 2010 2,485 customers invested in asset-backed products, and many of [...]]]></description>
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		<title>FSA: traded life policy investments &#8220;toxic&#8221;</title>
		<link>http://www.bankingtimes.co.uk/2011/11/28/fsa-traded-life-policy-investments-toxic/</link>
		<comments>http://www.bankingtimes.co.uk/2011/11/28/fsa-traded-life-policy-investments-toxic/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 19:50:31 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Savings & Investment News]]></category>
		<category><![CDATA[traded life policy]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17722</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has warned that traded life policy investments (TLPIs) are high risk, toxic products that are generally unsuitable for the majority of UK retail investors and should therefore not be promoted to them. TLPIs are known as &#8220;death bonds&#8221; because investors are putting their money into a pooled investment or fund [...]]]></description>
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		<title>New EU rules on short-selling and CDS trades</title>
		<link>http://www.bankingtimes.co.uk/2011/11/15/new-eu-rules-on-short-selling-and-cds-trades/</link>
		<comments>http://www.bankingtimes.co.uk/2011/11/15/new-eu-rules-on-short-selling-and-cds-trades/#comments</comments>
		<pubDate>Tue, 15 Nov 2011 15:26:04 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Financial Services Authority]]></category>
		<category><![CDATA[Investment Banking News]]></category>
		<category><![CDATA[ban]]></category>
		<category><![CDATA[CDS trading]]></category>
		<category><![CDATA[European Parliament]]></category>
		<category><![CDATA[short selling]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17571</guid>
		<description><![CDATA[The European Parliament has voted into law regulation that will curb short-selling and trading in credit default swaps (CDS). Both short-selling and CDS trading have been blamed for fuelling market volatility, with CDS trades in particular linked to the troubles of Greece. The new rules therefore virtually ban certain CDS trades as follows: 1. Naked [...]]]></description>
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