The Financial Conduct Authority (FCA) will establish a new market analysis team to monitor products carrying very high returns as it hints it may intervene on pricing where it suspects competition has become impaired or consumers are being treated unfairly.
The senior-level business and market analysis team will be central to the new body's decision-making process, the FSA said today in a paper outlining its initial thinking on the scope of the FCA. It will be charged with identifying features of industry economics with the potential to create detrimental consumer actions - such as very high returns on particular products. "[The team's] analysis will underpin decisions on where and when to intervene and how an intervention will affect the market as a whole, including competition," the FSA said. Meanwhile, the paper states the FCA may ...
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