The threat of below zero rates rates continues to hover over the country’s banking system.
Western Europe
Latest articles from UK
UK banks fret over operational risks related to negative interest rates
February 19, 2021New HMRC insolvency legislation could undermine banks
February 11, 2021Crown preference rights allow the UK government to take insolvency payments before banks and unsecured creditors.
Can banks protect themselves against IR35?
February 2, 2021UK tax legislation designed to tackle disguised employment could impact banks which have long used independent contractors for vital tasks.
Chetwood Financial rethinks banking business models
February 1, 2021Chief executive Andy Mielczarek on how UK challenger bank is seeking to offer a personalised service – that is 99% digital.
Will there be a post-Brexit fintech boom?
January 21, 2021The UK’s departure from the EU has created uncertainty. But the picture around fintech is more nuanced.
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Has open banking reached maturity?
January 19, 2021As the UK marks its third year of open banking the promised shake-up of financial services is still to come – but it could be on its way.
BoE official revives negative rate speculation
January 18, 2021No evidence that below-zero rates have reduced bank profits overall, says external MPC member Silvana Tenreyro.
UK faces tough battle for EU equivalence on financial services
January 8, 2021With Brexit complete, UK negotiators are now striving to reclaim access to EU financial markets.
Third UK lockdown ‘credit negative for banks' asset quality’
January 6, 2021Additional lockdown measures will add negative pressure to banks' profitability, says Moody’s.
What next for the UK economy?
January 4, 2021It remains unclear whether Boris Johnson’s government can overcome the challenges ahead.