FSA to force banks to display consumer protection info

The move comes after FSCS research found consumer awareness of the scheme was extremely poor, despite a national TV ad campaign which cost £4m. The regulator plans to make it obligatory for banks to display the information in all branches and on the websites of institutions. In an attempt to improve consumer confidence, the FSA will force banks to state publicly: "Your deposits are protected up to £85,000 by the FSCS, the UK deposit protection scheme. "Any deposits you hold above this amount are not covered." Banks which are headquartered and authorized in the European Economic ...