BANKING

FPC record of 23 and 29 November 2016 meetings

The Bank of England has published the record of the Financial Policy Committee's (FPC) meetings held on 23 and 29 November 2016

FPC, 6 December 2016

FCA summary of approach to collecting retail mediation activities data

The FCA has published a summary document setting out its reasons for collecting retail mediation activities (RMA) data and how it feeds into its supervisory approach. The document covers issues including:

  • The FCA's reasons for collecting specific RMA information.
  • The FCA's use of the RMA data in the supervision of firms.
  • The FCA's use of RMA data in assisting it to meet its operational objectives of protecting consumers and protecting financial markets.
  • Common RMA misreporting errors.

FCA, 6 December 2016

FOS ombudsman news issue 138

The Financial Ombudsman Service (FOS) published issue 138 of ombudsman news. FOS, 6 December 2016

LSB call for input on digital channels

The Lending Standards Board (LSB) published a call for input (dated November 2016) relating to a standards development project on digital capabilities. The deadline for responses is 11 January 2017.

LSB, 6 December 2016

The EPC launches a call for independent candidates for its Scheme Management Board

The European Payments Council (EPC) Scheme Management Board (SMB – the body responsible for the administration and evolution of the EPC SEPA payment schemes) will be renewed in 2017. In addition to the seats allocated to scheme participant representatives (maximum 20), three seats (including the Chairmanship of the SMB) are available for ‘independent members’. The EPC invites all interested candidates to apply by 27 January 2017.

EPC, 6 December 2016

INVESTMENTS AND FUNDS

FCA consults on conduct of business rules for firms providing CFD products to retail clients

The FCA has published a consultation paper on conduct of business rules for firms providing contract for difference (CFD) products to retail clients

FCA, 6 December 2016