TITLE

Call to base FSCS levies on risk

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
June 2009
SOURCE
Money Marketing;6/4/2009, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the request of the House of Lords economic affairs committee to base Financial Services Compensation Scheme Ltd. (FSCS) levies on firms' levels of risk in Great Britain. The committee in its Banking Supervision and Regulation report said that calculating levies on the basis of the size of an institution rather than its risk profile is problematic. Moreover, the committee is calling for the government to move towards pre-funding of the FSCS.
ACCESSION #
42010406

 

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