FCA Consulting with FSCS on Insured Investments for UK P2P Lending

The Financial Conduct Authority (FCA) works with the Financial Services Compensation Scheme (FSCS) in the UK to protect investments for consumers; the FSCS is comparable to the Federal Deposit Insurance Corporation (FDIC) in the US; the FCA is currently conducting research and undergoing consultation on the crowdfunding market; current consultation has involved communication between the FSCS and FCA on potential solutions for insuring funds; it’s not likely that insured funds will be integrated into the FCA’s new crowdfunding regulations however the two agencies are discussing options.  Source

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