FCA introduces Retail Banking Business Model return

The FCA is introducing an annual regulatory reporting return for retail banks and building societies, which will replace its d hoc collections of Retail Banking Business Model (R2B2) data.

The return will feature a core financial data request and an off-the-shelf document request.

Respondents to the consultation largely understood the rationale for collecting R2B2 data annually and welcomed the greater predictability of an annual return compared to ad hoc requests.