Thursday, December 20, 2007
You heard it in the Guardian first, Times and Telegraph are no help these days, go figure
In a discussion paper published yesterday, the FSA said it was planning to develop new reporting requirements over the next year. Banks and building societies will be required to provide a monthly analysis of their cash flow position. The FSA also intends to put banks and building societies on the same footing, ending more lenient rules for building societies.