More news - page 2 of 1995

'One stop' all EDR rot for CIO followers

A myriad of smaller financiers and fringe firms are gearing up for a lobbying campaign to block or reset the proposed "one stop shop" for dispute resolution.Six industry associations covering hundreds of firms aligned with the Credit and Investments Ombudsman scheme yesterday called on the government "to abandon its plans to establish a single monopoly EDR scheme."This pack fret that scheme costs of the "one stop shop" will be even higher than they now are at the Financial Ombudsman Service, the scheme of choice for big banks. read more

Richer mortgage data a stress for select ADIs

"Uuhmmm, we're not too sure that we, or some other banks we know well, will be able to easily find the most reliable data on that", a handful of banks have more or less told the banking regulator, when advised they and the sector must prepare to report in a more detailed fashion on mortgage lending metrics. read more