This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK car-finance saga is no threat to financial stability, PRA says

By Sofia Gerace ( November 29, 2024, 13:08 GMT | Insight) -- The Prudential Regulation Authority, the regulatory arm of the Bank of England, has said it doesn't expect UK financial stability to be threatened by the high levels of compensation that car-finance providers might have to pay to customers following a landmark ruling and the Financial Conduct Authority's review into the mis-selling of car finance.The potential levels of redress that could be paid to car buyers in the UK, following a landmark ruling on car finance, are not expected to impact financial stability, Britain's top banking supervisor said today....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections