Blog

28th February 2022

PIMFA urges FCA to use Barclays fines for FSCS levy

The Financial Conduct Authority (FCA) has issued a fine of £783,800 to Barclays Bank for oversight failings in its relationship with collapsed payments firm Premier FX. PIMFA has outlined why such fines should contribute to the funding of the Financial Services Compensation Scheme (FSCS).