FSA urged to take on retail banking regulation

John Tiner, who leaves the UK's Financial Services Authority (FSA) today after four years as chief executive, told an annual meeting that the oversight of retail banking should be consolidated, as the reasons that had led to a separate code were no longer valid.

At present the retail banks operate under a self-regulation code of best practice known as the Banking Code. "Consumers on the high street expect to be protected by the FSA," said Tiner, adding that he would "put the [Banking} Code

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: