Depositor protection - updating the UK regime for EU requirements

13/11/2014

PRA is consulting on changes to the FSCS regime. These changes are being made principally in order to meet the requirements of the recast Deposit Guarantee Schemes Directive (DGSD), but also involve changes to Single Customer View (SCV) and continuity of access requirements. These changes will bring some deposit taking firms into the scope of FSCS requirements for the first time. Firms that are already within the scope of the FSCS depositor protection regime will need to address a variety of operational changes.

Read our full report here to find out more.