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FCA rejects calls for further Covid BI interventions

FCA mulls legal powers for USD Libor holdouts

The Financial Conduct Authority has rejected calls for further interventions on Covid business interruption claims, sayings its current position “continues to be appropriate”.

The regulator was petitioned to issue additional guidance by law firm Stewarts and a host of hospitality sector trade bodies in December.

Stewarts had warned the FCA that additional guidance was needed

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Three years after introducing reforms to tackle excessive leasehold insurance commissions, the Financial Conduct Authority is reviewing the market again, which Scott McGee observes raises questions about whether its measures have delivered meaningful change.

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