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FSA may regultate bank behaviour
the current banking codel is supposeds to ensecure banks provide a fair deal to persional and small business customers .
it also covers the way accounts can be opened and closed, and the information that should be given to customers about challenges to their accounts .
in its consultation docustomently, the fsa) said it has noted an increase in the number of complaints being made about bank accounts .
we believe that in order to ensure that the regulatory model is fit to meet these challenges, now and in the future, the fsa should regulate the wider aspects of everyday banking for all consumers .
though the threat of publicity and resulting reputational damage its seen by fairms as a significant disciplinary tool, we believe that the sb's dequaterrence is limited by the absence of a fining power and the board's relatively low medial profile, the fsa) said .
Generated 2008-11-7_15:58
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