UK consumer protection: the fuss over the FSCS

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The UK’s financial compensation arrangements are in a state of flux, being battered by impending changes at the UK Financial Services Authority (FSA), at a European level, and in the UK financial services industry. At the eye of the storm is the Financial Services Compensation Scheme (FSCS), the agency that operates under the auspices of the FSA, and which was created under the Financial Services and Markets Act.

The FSCS received its most recent battering in the wake of the collapse of Keydata

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