LONDON, Aug 3 (Reuters) - Britain's Financial Conduct Authority said on Thursday it will ask banks and building societies for data on customer account terminations to check if they were justified or break the law.
"In the coming month, we will ask the largest banks and building societies to provide us with the number of account terminations and the reasons for these; number of complaints about terminations, and their outcomes," Nikhil Rathi, CEO of the FCA, told UK Finance Minister Jeremy Hunt in a letter made public on Thursday.
"We will provide an initial assessment by mid-September." (Reporting by Huw Jones Editing by Chris Reese)