FSCS CEO says its funding should reflect risks
Mark Neale says funding is an area next year's FCA review should look at.
The chief executive officer of the Financial Services Compensation Scheme (FSCS) has acknowledged that the way it raises its funding through levies to meet compensation costs raises questions about fairness.
Mark Neale addressed a meeting of the All Party Parliamentary Group for Insurance & Financial Services and outlined the current developments and future challenges facing the FSCS.
The CEO pointed to the issues he thinks a Financial Conduct Authority review on funding, due to take place next
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