UK seeks comments on banking reform


On October 1, the FSA increased the limits on compensation payable under the Financial Services Compensation Scheme (FSCS) on deposits up to £35,000, equal to 100% of the loss occurred, to help quell consumer fears and stop the run on the Northern Rock bank. Before that, compensation was limited to the first £2,000 plus 90% of the deposit between £2,000 and £35,000.

The run on Northern Rock has sparked concerns that the framework for depositor protection does not uphold customer confidence and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here