Banking watchdog raises customer protections for if provider fails

cityam11-18

The Bank of England began consulting on the protections limit earlier this year. The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails.The Prudential ...

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The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails.The Prudential ...</p>\n\n<a href=\"https://www.cityam.com/banking-watchdog-raises-customer-protections-for-if-provider-fails/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banking watchdog raises customer protections for if provider fails</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanking watchdog raises customer protections for if provider fails\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-18 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/banking-watchdog-raises-customer-protections-for-if-provider-fails/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bank of England began consulting on the protections limit earlier this year. The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails.The Prudential ...</p>\n\n<a href=\"https://www.cityam.com/banking-watchdog-raises-customer-protections-for-if-provider-fails/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSCS","symbol_name":"First Trust SMID Capital Strength ETF","start_time":0,"source_url":"https://www.cityam.com/banking-watchdog-raises-customer-protections-for-if-provider-fails/","article_id":"2584988963","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/11/01K3QQ4ET49BV3SPV62X3KNJ8H.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/banking-watchdog-raises-customer-protections-for-if-provider-fails/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2584988963","pubTimestamp":1763442000,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The Bank of England began consulting on the protections limit earlier this year. The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails.The Prudential Regulation Authority  has hiked the limit to 120,000 from 85,000 meaning additional customer funds will be protected if their lender collapses.The limits come under the Financial Services Compensation Scheme , which the Bank of England consulted on changing earlier this year to bring in line with inflation.The FSCS was introduced in 2001, as part of the Financial Services and Markets Act 2000, with the aim to consolidate different compensation schemes across the industry.The 85,000 limit was first set in December 2010, signifying the sterling equivalent of the European Deposit Guarantee Schemes Directive, which required all EU member states to protect deposits up to the equivalent of 100,000.As well as the protection limit, the cap for certain temporary high balance claims will also increas","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FSCS":"First Trust SMID Capital Strength ETF","PRA":"ProAssurance Corp","BK4107":"财产与意外伤害保险"},"translate_title":"银行监管机构在提供商倒闭时加强客户保护","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRA":1,"FSCS":1},"content_text":"The Bank of England began consulting on the protections limit earlier this year. The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails.The Prudential Regulation Authority (PRA) has hiked the limit to £120,000 from £85,000 meaning additional customer funds will be protected if their lender collapses. The limits come under the Financial Services Compensation Scheme (FSCS), which the Bank of England consulted on changing earlier this year to bring in line with inflation.The FSCS was introduced in 2001, as part of the Financial Services and Markets Act 2000, with the aim to consolidate different compensation schemes across the industry. \n\nThe £85,000 limit was first set in December 2010, signifying the sterling equivalent of the European Deposit Guarantee Schemes Directive, which required all EU member states to protect deposits up to the equivalent of €100,000. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe limit was cut to £75,000 amid a stronger pound in 2015, but increased back to £85,000 in 2017 amid the pound’s fall in value after the Brexit referendum.Initial proposals to raise the limit this year suggested an increase to £110,000 but the regulator said it had been “changed in light of consultation feedback and to reflect the latest inflation data.”Consumer price index inflation has remained sticky for the last year, remaining well above the Bank of England’s two per cent target at 3.8 per cent in September. Economists have pencilled in further modest easing down to 3.6 per cent in October. \n\nAs well as the protection limit, the cap for certain temporary high balance claims will also increase to £1.4m from £1m beginning on 1 December.This covers qualifying live events such as buying or selling a house, or payouts from insurance policies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584988963","isCrawlerRequest":true}