Financial services

Margaret Cole, managing director of the FSA's conduct unit, has pledged to MPs the regulator will look again at how Capita calculated redress for Arch cru investors under its £54m payment scheme.

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch cru debacle.

The FSA has appointed Sir Nicholas Montagu as chairman of the Financial Ombudsman Service to act as "customer-service champion".

Prime minister David Cameron will today be forced to answer calls for a government inquiry into the failure of Arch cru and the fairness of the redress scheme set up to compensate investors.

The Financial Ombudsman Service (FOS) has revealed the details of a provisional judgement against an IFA who invested clients in Arch Cru.

The FSA has deployed the services of Big Four accountancy firm Deloitte to quiz platforms about its proposed ban on fund manager and cash rebates.

While RDR and MIFID II have taken centre stage in recent months, one topic that hasn't gained enough attention yet is the Foreign Account Tax Compliance Act or FATCA.

A meeting in Berlin between David Cameron and German Chancellor Angela Merkel will be dominated by the European debt crisis, but is expected to also tackle the concept of a tax on financial transactions - known as the Tobin Tax - on which the two nations...

Santander's offer to buy back junior debt from bondholders has drawn criticism from analysts who accused the Spanish bank of trying to lock in a profit at the expense of investors.

The FSA said it hopes a consultation paper on the treatment of commission on legacy assets has "put to bed" any confusion on the issue, but it warned product providers yet to adapt their systems face an arduous task preparing for the rule change.