It's not what banks sell you should worry about, most products from reputable suppliers are much the same. It's what they do with our money, how they invest it, how they are funded etc. which is the big risk to us all. The FSA focuses on the minutae of the sales process, instead of the big picture

Graham, Driffield, UK

The FSA is an organisation of the bankers, by the bankers for the bankers. It is as effective as the SEC. The aims of professional bodies are to protect their members not the public or consumer. This has been proven time and time again. Governments must rethink their regulatory policies.

peterfieldman, paris, france

The now infamous failing of the FSA in protecting and controlling the UK economy surely must attract the same critque applied to the banks. Inept and neglient are two words that I would use in describing the performance of the FSA. The PM must be seen to reform this toothless wonder,

Mike, Birmingham, UK

Granted, we should do more. But the FSA who is owned by the financial institutes imposing this on consumers just sums up this joke shop. They are clearly focusing on the effect, when the cause is the financial institutues, who are selling these products to us without proper risk analysis

Kas, London, UK

The FSA is nothing more than a massive hurdle the consumer has to overcome in order to get redress on the sharp and often unfair practices of the financial services industry. It has proved itself totally incompetent in regulation and supervision and it should simply be abolished.

Scott, Bangkok, Thailand

The FSA must cease thinking and acting as a spokes person for the Financial Services Industry and rubber stamp almost everything the industry does. If any one is in any doubt, look at the Equitable Life debacle and the current catastrophe. Else they must cease be a financial burden on investors

raj, harrow, uk

The FSA, an absurdly captive regulator, stands in the way of the will of Parliament, and of justice, for its defence of its industry subscribers' sharp practices, in the face of the Unfair Terms in Consumer Contracts Regulations, and of the standard of fairness the latter establishes. Thumbs down.

Jonathan, Hertford, UK