Research on Secure Trust Bank Plc (STB:LON) from Progressive Equity Research
Secure Trust Bank (STB) has announced that, following an initial assessment of the FCA’s recently published final rules, no adjustment to its motor finance commission provision is currently required. STB commented that the ultimate financial impact remains uncertain, and considers that the FCA’s approach to assessing fairness is not aligned with the Supreme Court judgment in Johnson vs FirstRand, where the test for unfairness is highly fact specific and must consider all relevant factors.


