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UK's FCA proposes streamlining complaints reporting to ease burden on firms and improve accuracy.
The UK's Financial Conduct Authority (FCA) plans to simplify complaints reporting for about 10,000 firms by combining five reports into one.
This aims to reduce data submission burdens and improve the accuracy of reporting.
Feedback on the proposals is open until July 24.
The FCA also found that one in ten people have no cash savings, highlighting financial vulnerabilities among the population.
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La FCA del Reino Unido propone racionalizar los informes de quejas para aliviar la carga sobre las empresas y mejorar la precisión.