Financial Crime Financial Crime

UK financial-services compensation program is last resort, FCA says as costs soar

By Fiona Maxwell
  • 06 Dec 2021 06:35
  • 06 Dec 2021 06:39
Funding of the UK’s financial-services compensation program could change as well-run businesses complain that they have to fund the failure of poorly run peers.

The Financial Conduct Authority set out its thinking today in a discussion paper on the UK’s Financial Services Compensation Scheme, or FSCS, the fees for which have soared in

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