FirstRand won’t challenge FCA motor-finance redress scheme
The group rules out litigation, despite maintaining that the scheme is unfair and disproportionate.
#FinancialConductAuthority
FirstRand welcomes core ruling in UK commissions case
The group may have to adjust its R3.3bn litigation provision to accommodate the criteria of the regulator’s proposed redress scheme.
Uncloaking the mysteries of financial sector penalties
The huge penalties imposed by the FSCA and the Prudential Authority raise questions about the clarity and consistency of the factors influencing these fines.
