BANKING

EBA guidelines on stress tests of deposit guarantee schemes

The EBA has published the final translations of guidelines on stress tests of deposit guarantee schemes.  

EBA, 20 October 2016

PRA statement on the concept of "durable link"

The PRA has published a statement of the concept of a "durable link" for the purposes of the Capital Requirements Regulation. 

PRA, 20 October 2016 

British Bankers' Association proposal to standardise bank account opening procedures

The CMA has published a proposal of the British Bankers' Association to standardise bank account opening procedures. This forms part of the remedies proposed by the CMA's retail banking market investigation final report. 

CMA, 19 October 2016

FCA thematic review findings into packaged bank accounts

The FCA has published the findings (TR16/18) from its thematic review into packaged bank accounts. 

FCA, October 2016 

CMA consultation on retail banking service quality indicators

The CMA has published a consultation on proposed retail banking service quality indicators. These form part of the remedies proposed in the CMA's retail banking market investigation final report. Comments by 31 October 2016. 

CMA, 19 October 2016

BoE speeches published on financial services reform

The Bank of England has published two speeches on reforming culture and behaviour in the financial services industry.

  • speech by Minouche Shafik, Deputy Governor, Markets and Banking on reversing the tide of misconduct in global financial markets.
  • speech by James Proudman, Executive Director, UK Deposit Takers Supervision on financial institutions and culture.

The Bank of England, October 2016 

Treasury Committee publishes exchange of letters with HM Treasury concerning proposed amendments to bank ring-fencing rules

The House of Commons Treasury Select Committee has published an exchange of letters with HM Treasury concerning the set of amendments to the bank ring-fencing rules.

UK Parliament, 20 October 2016