Sector Regulation Sector Regulation

UK financial watchdog faces new judicial review threat over compensation for interest-rate scandal

By Fiona Maxwell
  • 01 Feb 2022 06:47
  • 01 Feb 2022 06:47
The UK's financial watchdog looks more likely to face a formal judicial review application from lawmakers after declining to reconsider a decision to limit compensation for victims of an historical interest-rate hedging scandal.

Mark Steward, an executive director at the Financial Conduct Authority, has told legislator Kevin Hollinrake that the regulator had no

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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 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.

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