FSCS compliance: The Future of Depositor Protection
Why does FSCS compliance matter? HSBC Bank plc (HBEU) and HSBC UK Bank plc (HBUK)’s January 2024 fine, imposed by the Prudential Regulation Authority (PRA) for historic failures in deposit protection identification and notification, alongside the 2023 United States banking crisis, jointly serve as stark reminders of the importance of depositor protection regulation. Both […]
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