The scheme, first proposed in 2015, has long been stalled because of concerns from some states about sharing risk
Andrew Bailey gave a speech on the sidelines of the IMF and World Bank’s spring meetings
This is the first step for the UK Treasury to lay the foundations of secondary legislation on open finance
Alpha Bank turns the corner on asset issues and sets growth trajectory
Biggest criticism is the decision not to pursue greater capital requirements
European banks issued less than half the AT1s by value in Q1 2024 versus last year
Securitisation could free up capital for lending to the real economy, but increase links to NBFIs
The two regulators will invite views from interested parties
The European parliament will soon vote on amendments to incorporate the new rules into EU law
GoCardless receives approval to extend open banking services to public entities
Last year the UK regulator removed more than 10,000 misleading adverts
Concerns remain about political and economic risks
The FCA is in the final year of its three-year strategy
Currently in public consultation, the new Pisces trading venue for UK private companies is expected to go ahead by the end of the year
Illimity’s founder talks about supporting companies that are the backbone of the country’s economy
Under new proposals, bank transfers could be delayed for an additional 72 hours in cases of suspected fraud
UK Treasury committee report reveals culture to blame for lack of improvement
Companies urged to adopt best practice ahead of final rules
The lifting of the UK bankers’ bonus cap risks worsening the gender pay gap
Surprise acquisition in UK retail banking may signal more consolidation to come