Two UK mortgage brokers banned over TCF failures

 

The UK Financial Services Authority (FSA) has banned two mortgage brokers in separate cases only weeks apart for failing to treat customers fairly (TCF). Aaron Nickols was banned from selling mortgage and general insurance products, after he used high-pressure sales techniques and failed to monitor staff adequately to ensure clients were treated fairly. Separately, the regulator said it had banned Noel Heaney after finding wide-ranging management and control problems across his firm and for

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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