FCA's Motor Finance Probe Progresses But Possible Outcomes Still Wide -- Market Talk

Dow Jones

2024/12/19

1046 GMT - The U.K. regulator's extension for complaints related to the motor-finance commission probe shows some progress but there is still some way to go, Shore Capital says in a note. The FCA plans to share its findings of its review in May. In parallel, an appeal is expected to be heard by the Supreme court in the first quarter, analyst Gary Greenwood says. "The range of interpretations and so possible outcomes with regards to the financial impact for the industry and its participants continues to be very wide," he says. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

December 19, 2024 05:46 ET (10:46 GMT)

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The FCA plans to share its findings of its review in May. In parallel, an appeal is expected to be heard by the Supreme court in the first quarter, analyst Gary Greenwood says. \"The range of interpretations and so possible outcomes with regards to the financial impact for the industry and its participants continues to be very wide,\" he says. 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In parallel, an appeal is expected to be heard by the Supreme court in the first quarter, analyst Gary Greenwood says. \"The range of interpretations and so possible outcomes with regards to the financial impact for the industry and its participants continues to be very wide,\" he says. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 05:46 ET (10:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}