Sector Regulation Sector Regulation

UK claims management companies face regulatory redress over ongoing harm risks, watchdog says

By Fiona Maxwell
  • 05 Jan 2023 16:47
  • 05 Jan 2023 16:47
Businesses that manage UK consumers' compensation claims for mis-sold financial services have improved their practices, the financial markets watchdog has said, but some key harm risks remain in the sector two years after they were flagged.

The Financial Conduct Authority wrote today to claims management companies, or CMCs (see here), reminding them of the UK’s upcoming

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 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.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News