'Covid-19 pandemic is FCA's chance to resolve FSCS funding issues'

Focus on rebuilding business not FSCS levy

Hannah Godfrey
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Ken Davy: "The current situation also gives the FCA the opportunity to resolve, once and for all, the running sore, which is the gross injustice and unfairness of the FSCS funding mechanism."
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Ken Davy: "The current situation also gives the FCA the opportunity to resolve, once and for all, the running sore, which is the gross injustice and unfairness of the FSCS funding mechanism."

The Covid-19 pandemic offers the Financial Conduct Authority (FCA) the chance to resolve the “gross injustice and unfairness” of the FSCS levy, SimplyBiz chairman Ken Davy has said.

Davy said post-crisis firms should be allowed to focus on rebuilding their capital adequacy, rather than "unfairly" funding the Financial Services Compensation Scheme (FSCS). The chairman gave p...

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