The Finance & Leasing Association abandoned plans to challenge the City watchdog’s GBP 9.1bln motor finance mis-selling compensation scheme after a direct intervention from the Financial Conduct Authority’s chief executive, via Sky News

The Finance & Leasing Association's decision to drop its challenge against the FCA's £9.1 billion motor finance mis-selling compensation scheme suggests a significant regulatory stance from the watchdog.

Newsquawk StaffPublished 30 Apr 2026, 12:37 UTCOn the live feed at 12:17 UTC — 27 more headlines followed before this page went public

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ING says "edging towards a BoE hike in June", following BoE meeting (prev. saw no tightening in 2026)

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12:17

The Finance & Leasing Association abandoned plans to challenge the City watchdog’s GBP 9.1bln motor finance mis-selling compensation scheme after a direct intervention from the Financial Conduct Authority’s chief executive, via Sky News

12:15

ECB STATEMENT: Rates unchanged, as expected; says it is well positioned to navigate the current uncertainty

12:15

Sell-side on Mag-7 post-earnings: AMZN & GOOGL see PT raises across the board after stellar results, while MSFT is mixed, and META see numerous PT reductions

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Context

This could bolster investor confidence in the banking sector, particularly for firms like Barclays, which may benefit from reduced uncertainty regarding future liabilities. The intervention by the FCA's chief executive indicates a more aggressive regulatory posture, potentially influencing market dynamics around financial institutions in the UK.

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