Laura WilesA mystery shopping exercise by the FCA found one third of experiences with basic bank accounts do not meet its expectations. Nine banks and building societies must by law offer these accounts to people who may not be...
Category - Retail Banking
Emma Radmore
Committee stage for FSM Bill to start on 22 June
The Financial Services and Markets Bill had its second reading in the Lords on 8 June and has now been scheduled for the Committee stage starting from 22 June. At second reading, Lord Stockwood introduced the Bill for...
Treasury calls for evidence on access to banking
HM Treasury has published a Call for Evidence as part of its Independent Review into Access to Banking Services. The review is looking to: identify which in-person banking services are essential or important to...
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...
BoE consults on settlement hours extension
The BoE is consulting on how it will move RTGS and CHAPS toward near 24×7 operation. CHAPS will be opening at 01:30 from September 2027 and the next stage could involve: an additional settlement day at the weekend...
Michael LewisBoE speaks on choice in payments
Victoria Cleland, speaking in Washington D.C, spoke of the importance of maintaining choice in payments and payment methods, to promote competition, inclusion and innovation. She noted that cash is still important to...
Government commissions banking service review
The Economic Secretary to the Treasury has commissioned an independent review into the availability of face to face banking services. It will look at the impact on customer of branch closures and will inform the...
UK Finance publishes growth plan
UK Finance has published its 9 point Plan for Growth to show how the financial services sector can help with delivery of the Government’s economic growth ambitions. The 9 point plan focuses on: reducing bank...
John ConnorHMT feeds back on commercial credit data sharing
HM Treasury has published feedback on its consultation and call for evidence on commercial credit data sharing and the Bank Referral Scheme. The Government will be going ahead with its proposal to legislate to...
PRA finalises changes to resolution planning requirements
The BoE and PRA have finalised changes to firms’ resolution reporting and disclosure requirements. The key changes include: Increasing the threshold for firms in scope of the Resolution Assessment Framework...
FCA perimeter report calls for Government action
The FCA’s perimeter report has identified 15 areas where the FCA wants to see change from the government, including: removing self-certification for FPO purposes and raising the thresholds for the HNWI and...
FCA calls for views on access to SME finance
The FCA is calling for views on how regulation can help SMEs access finance across debt, equity, hybrid and alternative finance markets. The regulator notes that at the start of 2025, SMEs accounted for around 60% of...
FCA outlines regulatory priorities for retail banking
The FCA has published its regulatory priorities for the retail banking sector. The report notes that retail banking is changing significantly, with consumers using branches less and ever-diversifying digital channels...
FCA writes to Trade Associations on Open Banking Future Entity
The FCA has written to trade associations confirming it has appointed KPMG to carry out an independent assessment of proposals for a standard setting body for UK Open Banking APIs that is capable of becoming the Future...
PRA invites views on improving regulatory reporting for banks
The PRA has issued a discussion paper on regulatory reporting for banks under its Future Banking Data programme. The programme aims to reduce costs for firms in line with the regulator’s competitiveness and growth...
PRA publishes 2026 supervisory plans
The PRA has published its supervisory priorities for 2026. Its main plans focus on streamlining supervision, so that periodic supervisory meetings and other activities will move to a two year cycle – an initiative...
FCA consults on annual retail banking business return
The FCA is consulting on the creation of an annual retail banking business model return. It has previously collected relevant data on an ad hoc basis, which it feels is both burdensome for firms and doesn’t give...
FCA publishes highlights from Leeds Growth Sprint
The FCA has published the highlights from an event it held in Leeds in late October, in which the Chancellor and the FCA discussed various growth initiatives, such as the concierge, scale-up and PAS services, and...
FCA notes open banking progress
The FCA says that in the past year, more than 16 million users have engaged with open banking, with the number of payments increasing by 53% year on year. It says a key driver of this is the rise of VRPs which make up...
Regulators update Regulatory Initiatives Grid
The latest edition of the Regulatory Initiatives Grid updates on timelines for 124 live initiatives across the 9 organisations covered by the grid. The press release heralding the publication highlights the themes of:...
Regulators set out 2026 growth measures
The FCA has written to the Prime Minister setting out its growth measures planned for 2026. The ambitious package highlights that the FCA has met nearly all of the 50 commitments it promised to do this year, and that...
FCA updates on access to cash regime review
The FCA has given an update to the Treasury Committee on its access to cash regime. The FCA’s rules on access to cash came into force in September 2024, and require designated banks and building societies to...
Treasury Committee launches financial inclusion inquiry
The Treasury Committee has launched a new inquiry into the Government’s Financial Inclusion strategy. It wants to probe whether: the Government properly understands the scale of the challenge to address financial...
FSCS limit increasing
The PRA has confirmed that the FSCS deposit limit for bank customers will increase to £120,000 from 1 December. As well as being a significant increase on the current £85,000, it is also £10,000 more than the PRA had...
LSB closes after 15 years of independent oversight in financial services
As of 31 October 2025, the Lending Standards Board (LSB) has closed, after a solvent wind-down of its operations. The LSB has summarised its impact and legacy in a final report on independent oversight and customer...
FOS sees sharp drop in cases
The latest quarterly data on complaints from the FOS show new cases dropping by more than a third, largely because professional representatives are bringing fewer cases since the FOS changed its charging model. The FOS...
Treasury consults on Bank Referral Scheme enhancements
Treasury is consulting on how it might enhance the Bank Referral Scheme, which started in 2014 and requires 9 major lenders to refer SMEs to whom they have refused to lend to a finance platform that can match the SME...
FCA launches open finance tech sprints
In order to support the delivery of open finance, the FCA has launched 2 new TechSprints and announced a new partnership with Raidiam. The partnership with Raidiam follows the launch of its Smart Data Accelerator in...
FCA updates on open banking progress
The FCA has published a research note it commissioned to collect views on open banking and finance in the UK. It wanted a good understanding of the current state of open banking to help to inform future development. The...
FCA updates on Consumer Duty requirements and focus areas
Following its call for input on the Consumer Duty requirements, the FCA has set out progress on the action it has taken so far, and further action it plans to take following stakeholder input. Priorities for...
UK Finance announces live pilot project on tokenised sterling deposits
UK Finance has announced a live pilot project to deliver the first UK transactions of tokenised sterling deposits. The pilot will run until mid-2026 and consider three use cases: Person-to-person payments via online...
FCA celebrates access to cash progress
The FCA has updated on progress a year on from the implementation of its access to cash rules, which require banks and building societies to assess and mitigate the impact of changes in cash services, like closing a...
BoE seeks appointments for Retail Payments Infrastructure Board
The BoE has outlined the aims of the new Retail Payments Infrastructure Board (RPIB), which will bring together expertise across the sector to design next generation infrastructure. The RPIB will translate the vision...
BoE speaks on “multi-money” system
Sarah Breeden – Deputy Governor of Financial Stability at the BoE – has delivered a speech on innovation in money and payments at the Bank of England and Warwick Business School Innovation in Money and...
FCA encourages boost to workplace savings
The FCA has taken action to help employers and savings providers offer workplace savings schemes in light of the Financial Lives Survey conclusion that around 30% o UK consumers have no, or less than £1000 in cash...
FCA publishes access to cash figures
The FCA has published its overview of geographical access to cash coverage at the end of Q2 2024. This is the first publication using data the FCA has collected under its new regime. The data suggests that 97.3% of the...
Challenger banks continue to lead CMA satisfaction survey rankings
The Competition and Markets Authority (CMA) has published its latest set of banking satisfaction results, which show that the challenger banks continue to rank higher than their traditional counterparts. Monzo is ranked...
CMA consults on retail banking undertakings
The CMA is consulting on its provisional decision that the provisions of the SME Banking Undertakings 2002 – the limitation on bundling provisions which require 8 banks not to make customers open BCAs as a...
FCA updates on open banking standard setting body
The FCA has published a feedback statement on the design of the future entity for UK open banking. The “Future Entity” will provide the core standards for open banking services, and the FCA is planning to...
FCA and ICO set out thoughts on Open Finance and Smart Data
The Digital Regulation Cooperation Forum has published the joint views of the FCA and the ICO on the technologies that are shaping Open Finance and the regulatory questions stemming from its development. APIs are likely to remain key to Open Finance and Smart Data as they facilitate real time, secure and trusted data exchange. So common standards and strong interoperability across sectors and providers will be essential. Another key driver could be AI which has the potential to carry out many key chores including automating data cleaning and preparation, enhance fraud detection, assess creditworthiness, deliver advice and recommendations and help consumers to open accounts and switch products.� However, with that comes risks, not least addressing questions around automated decision-making, transparency and explainability.
There is also the potential for DLT and smart contracts to play a role, which could, for example, automate administrative tasks, improve data integrity and security and track the flow of data for easier auditing. But, again, there are risks, such as it being potentially difficult to revoke access to or correct data, and it may be unclear who is responsible if things go wrong.
More generally, the key regulatory issues are:
balancing evolution of technology with fostering trust in new products and services and delivering good outcomes for consumers;
organisations ensuring they consider which lawful basis for processing data is most appropriate to enable the required data sharing;
what effective data minimisation would look like;
achieving transparency and consumer understanding when AI is used;
the role of regulators; and
embedding trust.
Mansion House speech supports Leeds Reforms
The Chancellor’s Mansion House speech, delivered in the evening of 15 July, highlighted many of the Leeds reforms, and set out the Chancellor’s key priorities. She highlighted: for capital raising, recent changes to the...
Government announces “Leeds reforms”
After the Edinburgh reforms, we now have the Leeds reforms! The Government has announced an ambitious package of measures to attract inward investment into the UK and financial services businesses. Rachel Reeves announced the UK’s first Financial Services Growth and Competitiveness sector plan. The plans include:
giving consumers support to invest;
create good skilled jobs;
encouraging banks to offer investment opportunities to people with cash in low-interest accounts;
encouraging the industry to highlight to consumers the opportunity to invest when they can – the Government says that, based on current trends, if consumers move �2,000 from low interest accounts into stocks and shares, they could be over �9,000 better off in 20 years’ time;
the BoE will allow more lending at over 4.5 times a buyer’s income and simplified FCA Rules, if adopted, will make remortgaging easier. The changes will also allow the Nationwide to make its “Helping Hands” scheme available to lower income borrowers – now the thresholds are �30,000 for solo and �50,000 for joint applicants (�5,000 lower than previously);
there will be a new government-backed Mortgage Guarantee Scheme to ensure high loan-to-value mortgages are available in times of economic uncertainty;
FOS will need to align its decisions more closely with FCA rules;
the SMCR will be radically streamlined;
the FCA is to review how the Consumer Duty affects and applies to wholesale firms;
the MREL threshold will be raised to �25-49bn;
the Basel 3.1 rules will come in from January 2027;
reform of the ring-fencing regime;
a major FPC review of bank capital requirements;
providing bespoke support to fintechs;
greater financial capacity for the British Business Bank; and
progressing the Berne Financial Services Agreement, so that it is fully implemented by the end of the year.
See our separate posts on some of these initiatives!
FCA publishes targeted support proposals for investments and pensions
The FCA is consulting on how to provide targeted support to consumers in pensions and retail investments. The paper follows several announcements of the FCA’s desire to see people invest with more confidence in...
FCA publishes consumer guidance on recurring card payments
The FCA has published a webpage aimed at consumers, providing details of their rights when agreeing to a recurring card payment (or continuous payment authority) and how to deal with fees incurred after cancellation...
HM Treasury makes wholesale cash oversight orders
HM Treasury has confirmed which firms operating in the wholesale cash distribution system have been recognised under Part 5A of the Banking Act, which gives it the power to specify persons involved in wholesale cash...
FCA sets out good practice for retirement income advice
The FCA has published findings from its review of advice consumers receive on meeting their income needs in retirement. In 2023, the FCA reviewed a sample of 28 firms, including a desk-based review of firms’...
CMA writes to NatWest on retail banking order breaches
The CMA has written to NatWest in relation to breaches by the bank of the Retail Banking Market Investigation Order. It found the bank: did not provide the required Monthly Maximum Charge information to customers in...
Government completes exit from NatWest
Following almost 17 years of public ownership, the Government has completed its final sale of shares in NatWest Group.
The Government’s involvement with Natwest – formerly Royal Bank of Scotland, RBS – arose when it intervened during the financial crisis to prevent the bank’s collapse. During 2008 and 2009, it provided �45.5bn of funding to stabilise the bank, of which around �35bn has been returned to the Government via the share sales, dividends and fees. The Office for Budget Responsibility highlighted that this shortfall is far less than the economic harm that would have resulted from no intervention.
The exit from NatWest means that the Government has now concluded all banking sector interventions made during the financial crisis.
LSB finds financial services chatbots do not meet customer needs
The LSB has published new research which found significant inconsistencies with customers’ experiences with financial services provider ‘webchat’ services, including considerably differences in functions supported by AI...
CMA takes no action over failure to provide transaction histories
The CMA has published its determination in respect of a series of failings by Barclays to provide the required personal transaction histories to customers closing accounts. The problems arose for a number of reasons...
PRA updates approach to international bank supervision
The PRA has updated its SS5/21 and published a policy statement on business within branches of international banks that operate in the UK, and on what it expects from those entities in terms of booking models and liquidity reporting.
It says it has updated its approach to keep its open approach to international banking, while maintaining safety of the UK system. It has increased the thresholds around FSCS-covered deposits by 30% but has also introduced a new indicative threshold of �300m of total retail and small business instant access deposits above which it would expect the bank to have a UK subsidiary rather than a branch. The PRA has made this, and a few other, changes, partly in response to lessons learnt from the Silicon Valley Bank collapse.
FCA publishes 2024 Financial Lives survey
The FCA has published findings from its 2024 Financial Lives survey. Key findings from the latest report include: 1 in 10 people have no cash savings at all, and another 21% have less than £1,000 to draw on in an...
CMA directs Starling over Retail Banking Order breaches
The CMA has issued directions to Starling Bank about putting in place an action plan in relation to various past breaches by the bank of the Retail Banking Market Investigation Order. The breaches included: failing to...
FCA appoints payments and digital finance director
The FCA has appointed David Geale as the permanent executive director for payments and digital finance, and managing director of the PSR (while it remains in place). He will also: be responsible for helping to deliver...
Court approves Sainsburys Bank transfer
On 1 May, the High Court handed down its judgment sanctioning a business banking transfer scheme that will transfer substantially all of Sainsbury’s Bank’s banking business to NatWest.
Treasury Committee report calls for action on cash acceptance
The Treasury Committee has published a report warning of the risk of creating a “two tier” society that harms the vulnerable unless the Government takes action on declining cash acceptance levels. UK law...
Treasury outlines new customer protections against debanking
HM Treasury has outlined new rules which will require banks and other payment service providers (PSPs) to give customers 90 days’ notice before closing an account or terminating a payment service. Relevant firms...
FCA updates Regulatory Initiatives Grid
The updated Regulatory Initiatives Grid highlights many initiatives for various regulators relevant to the financial markets, including: during 2025: further action plan on FCA requirements in light of Consumer Duty...
FCA reviews bereavement and PoA registration practices
The FCA has published a multi-firm review of how retail banks and building societies treat customers in financial difficulties, building on its previous review of life insurers’ bereavement claim processes. It...
LSB to publish Ethnic Minority-led Business Code
The LSB has developed a Code aimed at improving access to financial services for ethnic minority-led businesses following research that shows a disproportionate amount of these businesses face difficulties getting...
PRA publishes Fees and Levies rates proposals for 2025/26
The PRA today published its CP 8/25, setting out its proposals for fees and levies for the current year.
The Annual Funding Requirement, to cover the PRA’s ongoing regulatory activities, is �328.7m, down �2.6m from last year; similarly, the Total Funding Requirement, which comprises the AFR and other levies, is down by �10.5m from last year, to �342.5m.
Points of interest from the consultation include an outline of how the PRA will be funding work on Future Banking Data, which will build on the Banking Data Review and the ongoing collaboration with the FCA around Transforming Data Collection.
Deletion of underused or duplicative templates will be consulted on, and a firm-facing portal will be developed, facilitating interaction with the PRA, presumably along the same lines as the recently-launched MyFCA.
Stephen WilsonCommons publishes access to cash findings
The House of Commons library has published a report that gives an overview of the policy relating to closure of bank and building society branches and initiatives to protect access to cash. The report includes: how...
FCA publishes work programme 2025-6
The FCA has published its work programme for 2025-26, which builds on the 4 priority areas in its 5 year plan. Specific initiatives additional to those set out in the 5 year plan (which we summarised in this article)...
CMA writes to Lloyds on breach of Retail Banking Order
The CMA has written a letter to Lloyds Banking Group in relation to the bank’s breaches of the Retail Banking Market Investigation Order 2017. Part 5 (Payment Transactions Histories) of the Retail Banking Market...
PRA sets out approach to credit union service organisations
Laura Wallis – PRA Director of UK Deposit Takers – has written a letter setting out the PRA’s approach to Credit Union Service Organisations (CUSOs). The PRA has observed increased interest from credit...
ICO review of firms’ use of children’s data
The ICO has published a report of its findings of a review which took place over six months last year of over 40 participant financial services firms’ use of children’s’ data. Providers of products...
CMA consults on SME banking undertakings
The Competition & Markets Authority (CMA) has launched a review of the SME Banking (Behavioural) Undertakings given in 2002 by nine clearing banks following a market investigation by the then Competition Commission...
FCA speaks on investment culture and pensions savings
Nikhil Rathi has spoken on how to build a healthier investment culture in a world where consumers need more from their pensions but significant immediate investment is not possible. He focussed on the need for...
FCA gives more detail on rule streamlining
Alongside its action plan, the FCA has published details of its “Consumer Duty rule review“. It has released a feedback statement following its call for input last year when it asked firms to tell it how...
FCA publishes 5 year strategy
The FCA has launched its much-trailed 5 year strategy. It will focus on 4 priorities: being a smarter regulator; supporting sustained economic growth; helping consumers to navigate their financial lives; and fighting...
BoE launches 2025 Bank Capital Stress Test
The BoE has launched its 2025 Bank Capital Stress Test, aimed at the seven largest and most systemic UK banks and building societies. The test replaces the Annual Cyclical Scenario, and involves a hypothetical stress...
Treasury launches call for evidence on small business access to finance
HM Treasury has launched an open call for evidence on small businesses’ access to debt finance in the UK. The call for evidence covers all aspects of the lending market, demand for finance, the application and...
Bank IT outages of over 800 hours in 2 years
The responses from the 9 banks that were the subject of a Treasury Committee request for information on IT outages over the past 2 years show that, between January 2023 and February 2025 (not including the Barclays...
LSB to retire Standards of Lending Practice for personal customers
The LSB is to retire its Standards of Lending Practice for personal customers at the end of March 2025. The standards were first published in 2016, and have been reviewed and updated several times. However, the last...
FOS anticipates 37,000 fraud and scams complaints next financial year
The FOS expects fraud and scams to account for 35% – or 37,000 – of incoming banking and loan complaints in the coming financial year. This is an increase on the 33,000 fraud and scams cases it forecast to...
FCA and PSR set out next steps for open banking
The FCA and the PSR have confirmed that Open Banking Limited will play a key role in setting up an independent central operator to coordinate how variable recurring payments are made in this next step in the development...
PRA delays Basel 3.1 implementation
The PRA, in consultation with HM Treasury, has decided to postpone the implementation of the Basel 3.1 framework by one year to 1 January 2027. The delay will allow more time for clarity on how the framework will be...
LSB review highlights importance of SME protections
The LSB’s review of registered firms’ application of its Standards of Lending Practice for business customers has found 102 areas where action has been required to bring firms into compliance with the...
BBRS Contemporary Scheme closes to new registrations
The BBRS’ Contemporary Scheme has closed to new registrations, as planned, at midnight on 13 December 2024. The BBRS will remain open to resolve complaints for customers that registered before the deadline. The...
FCA updates on business loan guarantee super-complaint
The FCA has collected data from lender firms as a follow up to the super-complaint from the Federation of Small Businesses about the use of personal guarantees for business loans to SMEs. The complaint had noted that...
PRA writes to Credit Unions on annual assessment
Helen Ainsworth, Senior Manager of the PRA’s Credit Unions team has written separately to credit unions (CUs) with total assets of up to £10 million and to CUs with total assets of £10 million to £40 million. The...
BoE sets out approach to stress testing the banking system
The BoE has set out its approach to stress testing the UK banking system from 2025 onwards, which will sit within its broader framework for assessing financial stability and the soundness of individual banks. The BoE...
CMA writes to Monzo on Retail Banking Order breaches
The CMA has found Monzo in breach of several parts of the RBO. Specifically, the bank did not: accurately publish the results of the required service quality surveys; publish information on the “monthly maximum...
FOS notes huge increase in complaints
The latest figures from the FOS show complaints have increased by over 50%, with record increases in complaints about frauds and scams, current accounts and credit cards. The FOS also noted in particular an increasing...
Treasury Committee calls for evidence on protecting cash
The Treasury Committee has opened a call for evidence to help it decide whether to legislate to require businesses to accept physical cash. It is asking for views generally, but particularly on issues such as: are there...
Treasury publishes SME reviews as part of Budget
As part of the 2024 Budget, HM Treasury has published post-implementation reviews of the Small and Medium Sized Business (Finance Platform) Regulations 2015. These Regulations introduced a Bank Referral Scheme to...
HMT publishes Banking Liaison Panel Terms of Reference
HMT has published the Banking Liaison Panel Terms of Reference, which include reference to: The Panel’s remit, including its broad purpose and the specific functions set out under section 10(2) of the Banking Act...
HMT adds draft recapitalisation chapter to Banking Act: special resolution regime code
HMT has added a new chapter to the Banking Act 2009: special resolution regime code of practice. The new chapter provides draft details of the recapitalisation payment mechanism introduced in the Bank Resolution...
BoE consults on amending MREL approach
The BoE is consulting on restating, where appropriate and with modifications, of UK Capital Requirements Regulation total loss-absorbing capacity (TLAC) provisions to the minimum requirement for own funds and eligible...
PRA consults on changes to resolution assessment reporting
The PRA is proposing to carry out, together with the BoE, the third assessment of firms’ resolvability in 2026-27. It is consulting on a proposal to require relevant firms to submit their next reports to the PRA...
FCA pleased with impact of access to cash rules
The FCA is pleased at the effect of its rules protecting access to cash. It says that as a result of an assessment LINK has carried out: 15 communities will get a banking hub, when they had not previously been assessed...
FCA reports on cash savings progress and price and value outcomes
The FCA has published its latest analysis of fair value in the cash savings markets. Key highlights are: average interest on easy access savings accounts rose from 1.66% last July to 2.11% in June 2024; while firms were...
PRA publishes near-final policy statement on remainder of Basel 3.1 standards implementation
After publishing a near-final policy statement on various chapters in its consultation on the implementation of the Basel 3.1 standards late in 2023, PRA has published a second near-final policy statement in response to...
CMA says Open Banking Roadmap complete
The CMA has updated its website on Open Banking to confirm that all the “CMA9” banking providers required to complete the Open Banking Roadmap have now completed the implementation phase. AIB and Bank of...
FOS highlights record fraud and scam complaints
We previously reported on the last quarter’s record complaints figures to the FOS. It has followed up this data with details of fraud and scam complaints, which are at their highest ever quarterly level. In the...
FCA publishes steps to improve access to bank accounts
In a report concerning its findings from follow-up work on payment account access and closures, the FCA has set out its expectations of firms, and next steps encouraging account providers to provide more support to...
FCA releases latest skilled persons stats
In the quarter to end March 2024, the FCA commissioned 27 skilled persons reports. 10 related to retail investments, 7 to wholesale financial markets and 5 to retail banking and payments. 12 related to controls and risk...
CMA writes to Starling on Retail Banking Order breach
The CMA has written a letter to Starling regarding its breach of the Retail Banking Market Investigation Order (Order) in relation to the Service Quality Indicator (SQI) remedy. Part 3 of the Order requires Business...
FOS publishes quarterly data
FOS has published complaints data covering Q1 2024/5 (April – June 2024). Highlights include: over 76,000 new complaints – an increase of 70% from the same period last year; credit cards were the most...
CMA writes to banks on Retail Banking Order breaches
The CMA has published details of breaches of the Retail Banking Market Investigation Order by both Barclays and Santander. Santander had failed to keep information published through Open Banking up to date and in some...
CMA updates banking satisfaction surveys
The results of the latest banking satisfaction surveys released by the CMA show: Monzo and Starling are the top of both personal and business current account providers; and RBS and the Co-operative Bank scoring badly on...
BoE publishes second resolvability assessment of major UK banks
The BoE has published its second assessment of the resolvability of the eight major UK banks, finding that the banks have made significant progress in preparation for resolution, and have addressed issues outstanding...
Harry WellsBoE and PRA consult on updates to international banking supervision
The BoE and PRA have launched a consultation on proposed updates to international banking branch and subsidiary supervision to reflect changes since introducing the PRA’s SS5/21. The proposed changes include:...