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
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, 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.