The Financial Ombudsman Service (FOS) will drift closer to becoming a regulator under a proposed memorandum of understanding (MoU) with the Financial Conduct Authority (FCA), according to a legal expert.
The draft MoU was issued last month, building on the existing MoU between the FOS and the financial services industry. Although the new agreement is largely similar to the previous MoU, Robbie Constance,...
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