Banks speed interest rate swap redress as payouts top £81m in Nov

The Financial Conduct Authority (FCA) said the speed of banks' progress in reviews and compensation was increasing. It wrote the four bank chief executives last month to reiterate that redress should be delivered quickly. Clive Adamson, director of supervision at the FCA said: "I welcome the fact that these figures show the pace of the banks’ reviews continuing to increase and more businesses and customers are starting to receive compensation payments, but we will keep the pressure on to ensure they continue to move as quickly as they can. "The banks’ responses [to the letter]  have bee...