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FSA tells MPs that bank supervision will improve

Lord Turner, chairman of the Financial Services Authority, admitted to MPs last week that in retrospect the supervision of banks such as HBOS was wrong. But he told the the Treasury Select Committee that “it will be fit for purpose, given the changes we are making”.

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Labour urged to help sub-prime

The government was last week urged by the Intermediary Mortgage Lenders Association to help fund sub-prime lenders.

Securitisation market for prime loans back by 2011, says IMLA

Some 75% of intermediary lenders think the securitisation and whole loan sale markets for prime mortgages will be back in action by 2011, shows the Intermediary Mortgage Lenders Association’s latest survey of its members.

IMLA calls on government to help specialist market

The Intermediary Mortgage Lenders Association is calling on the government to extend its funding to cover sub-prime lenders.The last IMLA brokers survey showed just 4% of mortgages sourced by brokers in the final three months of 2008 were sub-prime. Peter Williams, executive director of IMLA, says: “The number of people with what are now seen […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]