Sector Regulation Sector Regulation

Insurance may solve soaring UK financial-services compensation costs, FCA chief says

By Fiona Maxwell
  • 04 Nov 2020 11:38
  • 04 Nov 2020 11:38

Regulated financial-services companies may have to take out insurance to cover against their failure as increasing costs burden well-behaved companies, the chief executive of the UK's Financial Conduct Authority said today.

The Financial Services Compensation Scheme, or FSCS — the preferred way for customers to receive payments if their financial-services firm or adviser

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Discover MLex

Stay on top of global regulatory developments


Latest News