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<p>The latest progress report published by the Financial Conduct Authority (FCA) showed that 2,092 redress offers worth over £300 million have so far been accepted by businesses under the review process.</p><p>The Financial Conduct Authority has not set a timetable for compensation to be paid. However, as set out in my answer of 30 January 2014, the FCA has published each individual bank's projections for when they expect to finish the redress scheme. The projections show that the banks expect to finish reviewing all cases by June 2014, with some banks likely to complete the scheme before this date.</p> |