FSA refuses to commit to April 2012 FSCS review deadline
Speaking at a meeting held by the All Party Parliamentary Group on Insurance and Financial Services about the future and funding of the FSCS scheme on 14 June, Sheila Nicoll, director of conduct policy at the FSA told MP’s that changes in Europe and UK were creating a barrier.
She added that the FSA is committed to a “far reaching” review of the Financial Services Compensation Scheme, but cannot guarantee to meet an April 2012 deadline as it would be “counterproductive” to
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