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FSA faces formal assessment

The Financial Services Authority faces a formal assessment by the National Consumer Council to ensure that it is fit for purpose.

A spokeswoman for the Council says the FSA is one of a number of regulators whose performance it will rate this year.

She says that each regulator will be rated in terms of the Council’s view of what makes a successful consumer-facing regulator.

She adds: “We want to see how the regulators are doing. It is a formal piece of work.

“We will looks at who’s doing a good job and who needs to raise their game.”

Steve Brooker, the Council’s policy leader, will be managing the project, which the spokeswoman says is likely to be concluded at the end of the year, after the Council merges with its fellow consumer representation and advocacy bodies, Postwatch and energywatch.


Propertyfinder website hits rise has reported a 104% increase in home mover traffic. After a lull at the end of 2007, visits to the website soared in January, with rental properties particularly in demand.

AMI welcomes BoE loan facility

The Association of Mortgage Intermediaries has welcomed the Bank of England’s move to extend its loan facility.AMI believes the £10bn offer of three-month loans against a wider than usual range of collateral may help to alleviate current problems in the banking industry.Richard Farr, director of AMI, says: “Although not a long-term solution to the liquidity […]

Brokers can help clients beat gloom

While the back pages of the newspapers indicate that Kevin Keegan is starting to think Ron Sandler has the more comfortable of the two hottest seats in Newcastle, the financial press continues to satisfy itself by poking the twitching remains of Northern Rock.


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