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FSA concerned overing bank pay deals
we believe that given the events of the past year, firms recognise the need to review their remuneration policies, and to take steps to change them if necessary, hectober said .
hectober sants, fsa chief executive .
at the moment, customers are only covered for one account under each banking licence so if you have two accounts with banks that are owned by the same parent company you will only have a total of Â50,000 guaranteed .
the financial savervicies, abouthority (fsa) has raised the limit to the amounts of deposits that are guaranteed should a bank go bust to Â50,000 .
however, the fsa) has, said its had no wish to become involved in setting pay levels at banks .
it is appropriated given the custompensolidation that has taken place in the banking sectober .
the fsa) has, said it was talking to banks and would publish advice next year .
Generated 2008-10-28_1:0
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