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Banking Sector Regulatory Requirements Ombudsman

A&O Shearman

Mansion House: FOS to reduce interest rate applied before a decision to base rate plus 1%

A&O Shearman on

The UK Financial Ombudsman Service (FOS) has published a final policy statement and accompanying press release, confirming that the FOS is changing the interest rate applied to compensation awards to a time-weighted average...more

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