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Bankers’ pay and bonuses should be set by the bank's shareholders, not controlled by legislation, Angela Knight, the chief executive of the British Bankers Association (BBA) has said.
The number of mortgage approvals increased around 4% on a monthly and yearly basis in July to 74,590, as gross mortgage lending remained flat for a third consecutive month at £7.6bn, the British Bankers’ Association (BBA)reports.
Simplified advice poses a “systemic risk” to IFAs because it opens them up to mass compensation claims for unsuitable advice, according to Prudential.
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The FSA has agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints.
Angela Knight, chief executive of the British Bankers' Association, is facing calls from members to stand down following the collapse of the group's PPI appeal, according to reports.
After months of legal wrangling and refusals to co-operate with the regulators, the major high street banks have finally relented in their campaign to avoid PPI compensation payouts.
The British Bankers’ Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.
The High Court today ruled banks must look again at hundreds of thousands of PPI cases, following an unsuccessful judicial review by the British Bankers Association (BBA) against the FSA.
The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.
UBS is being investigated by US regulators for allegedly manipulating Libor, the rate at which banks lend to each other.
The British Bankers Association (BBA) has written to FSA CEO Hector Sants proposing a "simplified advice" model for the mass market, which it says would fill an advice gap left by the RDR.
FSA chief executive Hector Sants has been awarded Honorary Fellowship of the Chartered Institute for Securities & Investment (CISI), alongside BBA chief executive Angela Knight.
The FSA will challenge the British Bankers' Association's judicial review of its new PPI complaints handling measures.
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