Wednesday, July 4, 2007

UK's FSA says finds poor practice in subprime market

(Reuters) - "Poor sales practices in this market may lead to serious
wider consequences," Clive Briault, the FSA's managing director
of retail markets, said.




"The high level of subprime arrears in a benign market
raises some important questions about the consideration given to
affordability by lenders and intermediaries when undertaking
this business."


Read more at Reuters.com Bonds News

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