FSA

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

I do not know what was more surprising - that the FSA has effectively banned the sale of life settlement funds or the language it used in the announcement.

The EEA Life Settlements Fund has suspended dealings, after receiving "unprecedented" levels of redemption requests from advisers and institutional investors.

The administrator of liquidated fund group Castlestone Management (CML) has said it is "very unlikely" it can rescue the company in its current form based on its assets and liabilities.

The Financial Services Authority (FSA) said it estimates half of all funds held in the UK traded life settlement policy market are in investments which are in "difficulty".

The Financial Services Authority (FSA) has said it plans to ban the sale and promotion of 'toxic' traded life settlement policies because they are high risk and generally unsuitable for the majority of UK retail investors.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. We can now exclusively reveal the full list.

UK banks are coming under renewed regulatory pressure to curb dividend and bonus payments to prepare for a disastrous euro break-up.

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.