Regulatory AlertsCP15/24: Cash savings remedies
The Financial Conduct Authority published CP15/24 to summarize stakeholder feedback on its proposed remedies for the cash savings market study and outline its implementation strategy. The regulator intends to consult on rule changes designed to improve firm disclosure and facilitate account switching, while also preparing to publish data on the lowest interest rates offered by large firms. Additionally, the FCA plans to report on Randomised Controlled Trials testing other remedies in early 2016 and invites voluntary participation in the 'sunlight' remedy data collection.
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