UK Financial Conduct Authority Plans Faster Response Against ‘Problem Firms’

UK Financial Conduct Authority Plans Faster Response Against ‘Problem Firms’
FCA/PA
Updated:

The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards.

Bosses at the regulator said they are concerned that the cost-of-living crisis could see households turn to lenders in greater numbers to manage their finances.