Britain’s financial watchdog was accused in London’s High Court on Tuesday of unlawfully failing to help thousands of people excluded from a 2.2 billion-pound ($2.8 billion) bank redress scheme relating to interest rate hedging products.
The Financial Conduct Authority (FCA) faces legal action over its response to an independent review of the scheme, under which nine banks – including Barclays (BARC.L), HSBC (HSBA.L) and Lloyds (LLOY.L) – agreed to pay
