LONDON, June 29 (Reuters) – The Monetary Conduct Authority mentioned on Monday Wirecard WDIG.DE was addressing the British watchdog’s considerations however its restrictions on the collapsed German funds firm’s companies would stay for now.
A number of UK fintech corporations have been pressured to droop companies following the FCA’s restrictions on Wirecard.
“We can’t raise the restrictions with out reassuring ourselves that the agency has been in a position to fulfill all our considerations for instance that every one shoppers’ cash is protected. We hope to have the ability to difficulty an replace quickly,” the FCA mentioned in a press release on Monday.
The FCA its groups have been working with Wirecard, and different worldwide and UK authorities, over the weekend.
“We have now seen good progress by the agency in assembly the situations we set,” the watchdog mentioned.
Subprime lender Morses Membership MCLM.L mentioned on Monday it had needed to freeze on-line accounts supplied by its digital service U Account.
(Reporting by Huw Jones and Iain Withers, modifying by David Evans)
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