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Financial companies striving to meet higher standards under UK Consumer Duty, FCA says

By Abhishek Kumar ( December 14, 2023, 19:43 GMT | Insight) -- Banks, building societies, and mortgage providers took varying approaches in their assessments to ensure their products and services meet higher standards for retail financial products prescribed under the new consumer duty for retail banking, the UK’s Financial Conduct Authority said today.  Banks, building societies, and mortgage providers took varying approaches in their assessments to ensure their products and services meet higher standards for retail financial products prescribed under the new consumer duty for retail banking, the UK’s Financial Conduct Authority said today.  ...

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