Consultation in the U.K. is relevant to policy debate in Canada
The new stress testing procedure will link the severity of the test to the financial cycle
Proposed bill would extend principle to all sectors of the financial services industry
But five largest banks moving to less risky products
A simple rating would help consumers decide which firms are likely to treat them well
The new regime aims to ensure that senior managers can be held accountable for any misconduct that occurs on their watch
The U.K. regulator has uncovered instances of poor practices at financial firms that can drive mis-selling because of pressure to meet targets
The new regime is designed to ensure that senior managers can be held accountable for misconduct that falls within their areas of responsibility
Discussion paper challenges financial firms to use more innovative methods of engaging with consumers
Ordinary investors aren’t fully able to understand these kinds of complex securities, U.K. regulator says