Jersey Watchdog in Threat to Snub Fsa's Splits Deal

Summary


A SETTLEMENT being negotiated for victims of the split capital trust scandal by the Financial Services Authority may be snubbed by regulators on Jersey, where many of the trusts were listed.

The FSA is dealing with 22 major banks and fund managers involved in issuing and selling trusts that were marketed as virtually risk- free.

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Extract


Jersey Watchdog in Threat to Snub Fsa's Splits Deal

It has offered a compensation deal for victims who ...

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