Financial Crime Financial Crime

UK financial regulator’s immunity from civil damages should be revoked, lawmakers say

By Fiona Maxwell
  • 31 Oct 2022 12:30
  • 31 Oct 2022 12:30
The UK’s financial services regulator should no longer enjoy immunity from civil damages action if consumers suffer losses as a result of its negligence, lawmakers have said.

Three Scottish lawmakers have proposed an amendment to the draft Financial Services and Markets Bill, which proposes that the Financial Conduct Authority should face

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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.

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