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Treasury launches fee-free bank accounts

United Kingdom - January 6 2016 Treasury has announced the launch of fee-free basic bank accounts at nine major banks from 1 January 2016. The accounts are available to anyone who…

Nicholas Ralph.

PSD2 published in OJEU

European Union - January 6 2016 The revised payment services directive (PSD2) has been published in the OJEU. PSD2 will enter into force on 12 January 2016 and Member States must…

Nicholas Ralph.

IOSCO publishes CIS liquidity management report

Global - December 23 2015 IOSCO has published its report on how collective investment schemes (CIS) manage their liquidity risk. It found that: most jurisdictions clearly…

Treasury publishes Banking Act report

United Kingdom - December 23 2015 Treasury has published its six-monthly report on arrangements which involve or may require reliance on section 228(1) of the Act, which allows…

Nicholas Ralph.

PSR consults on regulatory fees

European Union, United Kingdom - December 23 2015 PSR is consulting on setting its regulatory fees for the next year. Its costs will be divided between its roles under the Financial Services (Banking…

Nicholas Ralph.