Financial regulators in the U.K. are considering whether small business clients should be treated more like retail customers
OLHI finds that non-binding recommendations are effective
However, such changes would come at a cost
Proposed rule change would be a huge step backward, says PIABA president
The new head of the ombudservice says stakeholders would benefit from OBSI having such powers, although there would be a cost
‘Naming and shaming’ is ineffective and dysfunctional. It needs to be replaced by a practical mechanism that produces binding decisions
The change is part of a couple of revisions the dispute-resolution service has made to its terms of references
The search for a new CEO continues
OBSI says fraudulent advisor operated on her own
Board considering bylaw change to broaden field of prospective candidates