Bank of England Prudential Regulation Authority
PRA Proposes Raising FSCS Deposit Protection Limit to £110K for CFD Traders
- The FSCS has paid over £20 billion in compensation, mostly due to the 2008 financial crisis.
- The proposal to raise the protection limit from £85K to £110K may take effect in December 2025.
Monday, 31/03/2025 | 11:43 GMT by
Tareq Sikder
UK Financial Regulators Introduce New Rules for Critical Third-Party Risks
- The additional authority will enable regulators to oversee third-party services that may impact financial stability.
- The rules align with international standards, such as the EU’s Digital Operational Resilience Act.
Tuesday, 12/11/2024 | 11:01 GMT by
Tareq Sikder
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