Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007, a report due out today has found.
New tighter rules governing the sale of 'packaged accounts' have come into force.
The Financial Services Authority (FSA) ceased operation yesterday and was replaced by two powerful regulators.
Lord Adair Turner, the last chairman of the now-disbanded Financial Services Authority (FSA), has joined the economics think tank founded by billionaire George Soros.
The Financial Conduct Authority (FCA) will not find it easy to drop its predecessor's 'tick box' culture according to the chairman of the Chartered Insurance Institute's Professional Standards Board (PSB).
The Financial Conduct Authority (FCA) has confirmed the names of its 12 board members to take effect from 1 April 2013.
The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.
A Bath-based adviser has been banned by the Financial Services Authority (FSA) for failings relating to unregulated collective investment schemes (UCIS).
Prudential has been fined £30m by the City watchdog while its chief executive Tidjane Thiam has been officially censured, following the failed AIA deal in 2010.