FSA say "reduce pages" Bank does
THREE YEARS LATER FSA notice what was taken out is required by their rules
I would have thought reading the updated KFI was part of the job.

Steve, Llantwit Fardre, Wales

The previously dormant FSA has now become the latest instrument in the governments desperate attempt to prop up the collapsing credit bubble in the UK

As for the mortgage drought, any one borrowing 3x their income & 10% deposit doesnt have a problem getting a loan. 2007 levels=reckless lending.

Tom Brewer, Slough, UK

Why haven't Alliance and Leicester reduced their variabe rate. They are owned by Santander which is a wealthy bank so why
aren't they passing the 1.5% BOE reduction on from 1st December? A & L only passed on a minimal amount in October!!

patricia topping, Gloucester, Gloucestershire

I am tired of the Banks trying to "wash their hands" of the economic disaster that they have brought on us all. It's time for them to actually do something positive instead of hoarding the cash tax payers have given them. As for savers... interest rates have been far too high for to long.

M Chapman, Robertsbridge, England

I contacted Halifax about this a couple of weeks ago, and was told that my tracker would fall to whatever the BoE rate was + my .49%.

Chris, Leicester, UK

Maybe someone could now persuade RBS (the so-called "angel" of the banking industry) to do the same with its one account.

When Virgin ran the company, it was a tracker mortgage product, yet RBS still haven't passed on the 1.5%, or any portion of it...

Isaac Clarke, London, UK

Presumably you also support The Halifax in reducing their savings rates.
What is the ratio of savers to borrowers ?
Isn't it inconsistent to say that people in work should save for their retirement and at the same time penalise those who did exactly that.

Jim Dye, Fadmoor, North Yorkshire

The UK got into this mess because we lacked an effective regulating body. In its place we had the FSA. Now they are demanding banks cut mortgage rates to the bone. What about savers?

Banks needed bailing out because they lent far more money than deposits. Then savers began withdrawing money.

Harry, London, UK

Indeed John, The FSA advised Halifax that the KFI was too long and to amend it.
It may just be PR suicide though not to pass the cut on to tracker borrowers, After all the Govt want rates to reduce and they have a big (Implicit) say in what HBOS/RBS and Lloyds offer.
Lets see what happens tomorrow

Neil Stephens, London, UK

In a true free market, the seller of a product cannot change the deal after the moment of sale. Banks changed to a feudal system denying the right to a long term fixed rate mortgage and allowing them to constantly change the deal. The whole problem can be eliminated by insisting on free market terms

Chris Coles, Medstead, Alton, United Kingdom

All banks should reduce their standard variable rate mortgage rates in line with base rate. For example Standard Life standard variable rate is 3.59% above base. They along with the UK government got us in to this mess they should be doing their bit to get us out of it and quickly.

Michael, Bromyard, England

I'm glad the issue is being raised now. I seem to be having a similar problem with my Abbey tracker mortage. The rate was cut in October by half a point and 1.5 in November, yet Abbey have only passed on a 0.5 since and I wondering what I should be doing now.

Maurizio, Crawley, UK

i've been living in china for two years. the government here would not be messing about with any of this and would have stepped in and lending would have resumed. get off the fence darling - if it's genuinely bad - then a little less conversation, a little more action!!!!

stephen, china, china

With regulation of insurance in 2005 -insurance providers had to provide Key Facts Documents for all insurance products.

The FSA were singularly unhelpful in what should go in and what could be left out with the result that some Key FActs Documents were larger than the policy wordings.

John Wood, Hull, UK