04/17/2020
The FCA said government schemes designed to help firms through the lockdown period could be used to pay debts as they fall due, but the regulator has previously clarified these loans cannot be used to meet capital adequacy requirements.
04/16/2020
Speaking to the Financial Times, he called on the attorney-general to investigate the powers of the agency, which both investigates and prosecutes alleged frauds.
04/16/2020
Business interruption In the letter, which was specifically looking at business interruption insurance for SMEs, Woolard accepted that most BI policies have basic cover which does not cover pandemics.
04/16/2020
Excluding PPI complaints, the most complained about products were current accounts (10% of all complaints), credit cards (6%) and other general insurance products (5%).