UK's FCA drops two more banking industry probes - The Times | Reuters

The UK's Financial Conduct Authority (FCA) has scrapped two more probes into the banking industry, The Times reported on Thursday, less than a day after the regulator dropped another review of Britain's banking culture.

The FCA has closed a study into the way lenders incentivise their staff to sell financial products and will shelve an investigation of how insurers use customer information, The Times reported.

The regulator said earlier on Thursday it had scrapped a public review of Britain's banking culture, opting instead to work with lenders individually to address any concerns.

The FCA could not be reached for comment outside regular business hours.

(Reporting by Ismail Shakil in Bengaluru; Editing by Leslie Adler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Published Date: Jan 02, 2016 20:45 PM | Updated Date: Jan 02, 2016 20:45 PM

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