Report: The UK Financial Conduct Authority's relaxation of the car loan compensation scheme is a positive development.

Sina Finance reported on March 31st that Berenberg stated in a research report that the final compensation plan by UK regulatory authorities for automotive finance transactions is favorable for the industry. The Financial Conduct Authority in the UK stated that the compensation cost for banks is expected to be lower. According to their latest, restricted eligibility arrangements, although the average payout amount may be higher, the number of customers eligible for compensation will be reduced. "Among the companies we cover, we believe S&U may only need a very small provision, while Vanquis' existing 3 million should be sufficient," analysts wrote. The share prices of these two companies both rose slightly in early trading in London.