The FCA’s consultation paper on proposed redress is, according to STB, towards the extreme end of outcomes previously expected from the Supreme Court judgment. Based on revised probability weighted outcomes, STB expects to increase motor finance redress commission provisions by ~£16m to a total of £21m, reducing pro forma (Sept 25) CET 1 % ratio by ~0.50 basis points to 12.8%, compared with a 9.6% requirement, reflecting strong capital generation. Our forecasts are unaltered, apart from the additional provision.