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Act to get balance right on PEPs, FCA tells UK financial sector

Couuts Bank
Coutts was one of the banks caught up in the row over debanking. Photo: Dan Kitwood/Getty Images

Martin Cloake

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Regulator says treatment of senior figures must be improved in wake of debanking furore.

UK banks, payment firms and lenders are “getting the balance wrong” in how they treat politicians and senior public servants, UK financial regulator the FCA has said.

The FCA drew its conclusion after conducting a review of how politically exposed persons (PEPs) are treated. The review was carried out at

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