Prudential Regulation

Prudential regulation refers to the setting of standards and supervisory practices designed to minimise the risk of an individual institutional failure and reduce the collateral damage on the financial system as a whole. The Global Financial Crisis demonstrated significant structural flaws in both internal risk management and external supervision. It prompted Lord Turner, the chairman of the Financial Services Authority, to question in an influential report the efficacy of underpinning conceptual frameworks (Turner Review, 2009).  This series maps and tracks the macro-prudential agenda introduced in the aftermath of the GFC, with particular reference to the Basel Committee on Banking Supervision and the impact of this process on national regulatory settings.

Financial Services Authority publishes guidance consultation to help firms provide redress to victims of PPI mis-selling

The Financial Services Authority (FSA) has published proposed guidance for firms that sold payment protection insurance (PPI) and are beginning to contact customers who may have been mis-sold a policy but have yet to complain.
Originally Published: 
Tuesday, March 6, 2012

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