Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has hinted he could support a risk-based funding approach, writing in his monthly blog for the lifeboat fund's website.
Commenting on the Financial Conduct Authority's (FCA) recent consultation paper on the FSCS, in which the regulator said it was considering a risk-based levy, Neale (pictured) said: "Introducing risk into the allocation of our levies - also canvassed in the consultation - may help to ensure that firms running undue risks pay a bigger share and, in doing so, create benign incentives for greater prudence." The FSCS chief did not give any mention to the FCA's decision to shy away from a product levy in its consultation. 'Serious questions' Neale also expressed his support of the FCA's ...
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