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Records Management Program <[log in to unmask]>
Date:
Fri, 19 Oct 2012 11:10:12 -0400
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FSA fines Bank of Scotland £4.2m over record-keeping flaws - New Model
Adviser®

The Financial Services Authority (FSA) has fined Bank of Scotland £4.2
million for failures in their systems that led to inaccurate mortgage
records for 250,000 of its customers.

The regulator said that the inaccurate records were a result of mortgage
information being held on two separate unaligned systems between 2004 and
2011.


http://bit.ly/R8hoz8

Source:
http://www.citywire.co.uk/new-model-adviser/fsa-fines-bank-of-scotland-4-2m-over-record-keeping-flaws/a627793?ref=new-model-adviser-latest-news-list
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