Crackdown warning over mis-selling

London's financial district
London's financial district

Britain's banks are facing a major clampdown on the commission payments that have been blamed for fuelling recent mis-selling scandals.

The Financial Services Authority (FSA) said it will look to introduce new rules if the sector does not address the use of incentive schemes, which it said were driving staff to mis-sell products to receive a bonus.%VIRTUAL-SkimlinksPromo%