FCA and LSB publish MoU

FCA and LSB have published their MoU which sets out their intentions to cooperate in carrying out their respective functions under the Banking Conduct Regime and Consumer Credit Regime and the various LSB Standards and Codes. FCA and LSB have agreed mutual regulatory interest in lending to retail or personal customers, lending to business customers, access to retail banking services and APP Scam prevention.

The MoU covers agreed approaches to monitoring, supervision and enforcement as well as exchange of information.