FCA Sets Deadline For Banks To Explain Low Savings Rates

By Alex Davidson ( July 31, 2023, 3:46 PM BST) -- The Financial Conduct Authority announced Monday that banks marketing the lowest savings rates on cash accounts must justify how they offer fair value to consumers within a month, or face "robust action" under the new Consumer Duty regime....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login