Tag Archives: building societies

Vince calls for investigation into FSA’s “appallingly bad job”

The Times reports:

The Financial Services Authority was accused last night by one of its former supervisors of complacency in its past regulation of building societies.

The unnamed whistleblower, who approached Vince Cable, the Liberal Democrats Treasury spokesman, said that the FSA ignored a warning three years ago that risky self-certified loans had been packaged and sold to building societies that thought they were conventional loans.

Mr Cable has written to Lord Turner of Ecchinswell, the FSA chairman, asking him to investigate. “This man experienced first hand the appallingly bad job the FSA did of supervising the building societies,” Mr

…

Posted in News | Also tagged , and | 2 Comments
Advert

Recent Comments

  • Peter Davies
    "A 2025 study in Traffic Injury Prevention found Waymo’s San Francisco any-injury crash rate was 0.88 per million miles against a human benchmark of 8.02, an ...
  • Anthony Harris
    Alex Macfie, electronic voting is a bad example. Over the past decade, 34-36 countries have used it to count around 4 billion ballots. We have the infrastructur...
  • cim
    The big barrier to mass adoption of driverless cars isn't technological (not that the technology is easy) but legal. With a driver-controlled vehicle, liabil...
  • Mick Taylor
    @PM LDV word limits do not always make it possible to say everything one might like! Yes, some people, myself included, have been able to make other provision...
  • Peter Davies
    @Jana "Can I ask how you believe getting a mortgage and then paying it off ‘preferentially treated’? I do know that Mortgage Tax relief once existed but tha...