City regulator to keep companies' treatment of loyal customers a top priority as it faces £30m Brexit bill

The FCA also revealed in its business plan that it's facing a £30m Brexit bill this year
The City regulator says the treatment of existing customers by financial firms remains a top priority over the next year, with a focus on insurance prices and competition in the current account and cash savings market.
The Financial Conduct Authority (FCA) has been conducting an investigation into how companies treat their loyal customers as opposed to the treatment prospective new clients receive.
Read more FCA needs £30m extra for Brexit but the real cost will be higher still The watchdog said in its business plan for 2018/19, published on Monday, that while many firms “have made progress in putting customers more firmly at the centre of their business models, they need to further improve both competition and their standards of treatment for existing customers”.
The particular areas the FCA is looking into include understanding firms’ pricing practices in retail general insurance; as..

FCA needs £30m extra for Brexit but the real cost will be higher still

Work is being put on hold, but while the FCA says its day to day activities will continue a bomb like Brexit will inevitably hit activities beyond those considered to be low priority
Brexit has already collectively cost the citizens of this country billions, and the bills keep on coming in. One of them is from the Financial Conduct Authority (FCA), which says it needs an extra £30m to deal with the thing this year.
It’s true that that sum represents little more than a rounding error compared to the overall cost, and the City provides the funding for its regulator, so that might not seem like such a big deal. But it is.
Y’see, while some of the money will come from an extra levy on regulated businesses, and some will come out of the watchdog's reserves, and some will come from new firms it will take on the role of supervising, there will still be a gap representing just under half of that.
Read more Public backs fresh referendum to have 'final say' on Brexit deal ..

Hungary Election Gives Orban Big Majority, and Control of Constitution

Hungary Election Gives Orban Big Majority, and Control of Constitution Photo Voters outside a polling station in the Ujbuda district of Budapest on Sunday. Credit Marton Monus/MTI, via Associated Press BUDAPEST, Hungary — Prime Minister Viktor Orban of Hungary, who has set about transforming this former Soviet bloc member from a vibrant democracy into a semi-autocratic state under one political party’s control, appeared to have won a sweeping victory in national elections on Sunday, with 93 percent of the vote counted.
By securing two-thirds of the seats in Parliament, Mr. Orban’s party, Fidesz — along with its ally, the Christian Democrats — now has the power to change the Constitution and further bend the nation to his will.
“Hungary won a big victory,” Mr. Orban told a crowd of supporters gathered on the bank of the Danube just before midnight. He added that there was still “a big fight ahead” but that the parliamentary majority would allow him to continue to protect Hungary.
Gabor ..