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FSA responds to Miles review

The FSA it will consider carefully the recommendations made by David Miles in his review of long term fixed interest rates.

FSA director of high street firms Sarah Wilson says with the introduction of statutory regulation of the mortgage market on 31 October 2004, the FSA will implement reforms to improve the functioning of the market and will press ahead with these as planned.

Wilson says: “David Miles has provided a comprehensive analysis of the UK mortgage market. We welcome the objectives he identifies for the market.

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