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Financial Services


Independent Review of the Co operative Bank Launched

Independent Review of the Co operative Bank Launched

A new independent review into the prudential supervision of the Co-operative Bank between 2008 and 2013 has been announced.

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Non executive Director of NS&I has contract extended

Non executive Director of NS&I has contract extended

The government has extended James Furse’s contract as a Non-executive Director on the board of NS&I for a further year, up to 31 December 2018.

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Donald Kohn and Martin Taylor reappointed to the Financial Policy Committee

Donald Kohn and Martin Taylor reappointed to the Financial Policy Committee

Donald Kohn will serve another three-year term on the Financial Policy Committee (FPC), and Martin Taylor a further 12-15 months.

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Clare Lombardelli appointed as Chief Economic Advisor

Clare Lombardelli appointed as Chief Economic Advisor

Clare Lombardelli has been appointed as the new Director General, Economics and Chief Economic Advisor to the Treasury. She will take up the role on 3 April.

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New accountability rules for insurers

New accountability rules for insurers

Senior executives in insurance will be held personally responsible for misconduct, as part of plans to extend the Senior Managers and Certification Regime.

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UK launches new anti money laundering watchdog

UK launches new anti money laundering watchdog

A new watchdog launches today to strengthen the UK’s defences against money laundering and terrorist financing.

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Card surcharge ban means no more nasty surprises for shoppers

Card surcharge ban means no more nasty surprises for shoppers

Hidden charges for paying with a debit or credit card will be banned from today (13 January).

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New Chair of the Financial Conduct Authority Announced

New Chair of the Financial Conduct Authority Announced

Charles Randell CBE has today been appointed as the Chair of the Financial Conduct Authority (FCA), effective from 1st April 2018.

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Protecting the future of peer to peer lending

Protecting the future of peer to peer lending

Draft legislation clarifies that no business borrowing through a peer-to-peer platform needs to be regulated as a ‘deposit taker’ unless that is their core business.

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UK establishes new money laundering watchdog

UK establishes new money laundering watchdog

A new watchdog has been created to further tighten the UK’s defences against money laundering and terrorist financing.

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Over 900,000 more customers open fee free basic bank accounts

Over 900,000 more customers open fee free basic bank accounts

Over 900,000 new fee-free basic bank accounts were opened between July 2016 - June 2017, taking the total number of fee-free accounts open to nearly 5 million.

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The second International Fintech Conference confirmed for March 2018

The second International Fintech Conference confirmed for March 2018

The event will bring together international investors and UK Fintechs for a day-long programme of talks and pitches promoting global investment in the sector.

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New phase in Golden Era for UK China relations

New phase in Golden Era for UK China relations

More than a billion pounds of trade and investment will be agreed at the 9th UK-China Economic and Financial Dialogue.

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Business set to benefit from new Insurance Linked Securities rules

Business set to benefit from new Insurance Linked Securities rules

New legislation now allows Insurance Linked Securities deals to take place within a new specially designed framework in the UK.

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The strategy for the future of the UK's asset management industry unveiled

The strategy for the future of the UK's asset management industry unveiled

The Investment Management Strategy II sets out the government’s long-term approach to enhancing the UK’s position as a centre for asset management.

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FinTech to help renters get on the housing ladder

FinTech to help renters get on the housing ladder

New competition to use rental payment data to improve credit scores and mortgage applications for the 11 million renters in Britain.

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Over 160 firms are now signed up to the Women in Finance Charter

Over 160 firms are now signed up to the Women in Finance Charter

A further 26 firms sign up to the Women in Finance Charter which covers over 600,000 UK financial services employees.

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Over 160 firms are now signed up to the Women in Finance Charter

Over 160 firms are now signed up to the Women in Finance Charter

A further 26 firms sign up to the Women in Finance Charter which covers over 600,000 UK financial services employees.

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Elisabeth Stheeman appointed to the Financial Policy Committee

Elisabeth Stheeman appointed to the Financial Policy Committee

The Chancellor has appointed Elisabeth Stheeman as an external member of the Financial Policy Committee (FPC).

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Those suffering from problem debt to get vital ‘Breathing Space’

Those suffering from problem debt to get vital ‘Breathing Space’

New plans mean people struggling with serious debt may soon benefit from a ‘breathing space’ from their bills.

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‘Give Pudsey your round pounds’, new partnership urges

‘Give Pudsey your round pounds’, new partnership urges

BBC Children in Need, The Royal Mint and HM Treasury launch Pudsey's Round Pound Countdown.

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4th Annual Meeting of the Global Islamic Finance and Investment Group?

4th Annual Meeting of the Global Islamic Finance and Investment Group?

The annual meeting is a key part of the UK’s commitment to support the development of Islamic finance globally.

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UK and Singapore hold 3rd financial dialogue

UK and Singapore hold 3rd financial dialogue

Third UK-Singapore Financial Dialogue held in Singapore.

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Sandra Boss and Mark Yallop re appointed to the Prudential Regulation Committee

Sandra Boss and Mark Yallop re appointed to the Prudential Regulation Committee

Chancellor announces the re-appointments of Prudential Regulation Committee external members, Sandra Boss and Mark Yallop.

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Co operatives to save money thanks to change in audit requirements

Co operatives to save money thanks to change in audit requirements

Co-operatives could save up to £10,000 a year thanks to new government proposals requiring fewer of them to appoint an auditor.

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One million Help to Buy: ISAs opened

One million Help to Buy: ISAs opened

First-time buyers have saved over £1.8 billion into their Help to Buy: ISAs.

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Matchmaking scheme helps businesses find £4 million of finance

Matchmaking scheme helps businesses find £4 million of finance

Small businesses struggling to access finance from big banks have received almost £4 million of funding thanks to an innovative scheme.

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New National Investment Fund to back innovative UK firms

New National Investment Fund to back innovative UK firms

'It's vital that we make sure our cutting-edge firms have the funding they need to meet their potential and conquer new markets' says Chancellor.

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Chancellor in Brazil and Argentina to boost economic and trade ties

Chancellor in Brazil and Argentina to boost economic and trade ties

The Chancellor is in Brasilia for the second UK-Brazil Economic and Financial Dialogue.

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Sir David Ramsden appointed Deputy Governor, Markets and Banking

Sir David Ramsden appointed Deputy Governor, Markets and Banking

Sir David Ramsden has been appointed as the new Deputy Governor of Markets and Banking at the Bank of England.

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Agreement reached on RBS’ State aid will boost competition in business banking

Agreement reached on RBS’ State aid will boost competition in business banking

A plan to resolve RBS’ final State aid commitment has been agreed in principle between the UK Government and the EU Commission.

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New rules to keep the UK’s reinsurance market competitive

New rules to keep the UK’s reinsurance market competitive

The UK will remain at the forefront of the global reinsurance market thanks to new rules for Insurance Linked Securities.

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Consumers put at the heart of financial services revolution

Consumers put at the heart of financial services revolution

Consumers will have greater control over their bank data and financial decisions thanks to new laws coming into force in January.

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Finance sector banks on women for top roles

Finance sector banks on women for top roles

Women set to bag more top roles in the future as government’s push for greater diversity in financial services gathers pace.

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‘Prioritise gender equality’ says City Minister to finance firms

‘Prioritise gender equality’ says City Minister to finance firms

Financial services sector urged to end the era of women being underpaid, underrepresented and undervalued and sign up to the Women in Finance Charter.

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Crack down on terrorist and criminal financing

Crack down on terrorist and criminal financing

Terrorists and criminals will find it harder to move money through the UK financial system thanks to new rules coming into force on 26th June 2017.

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Professor Silvana Tenreyro appointed to the Monetary Policy Committee

Professor Silvana Tenreyro appointed to the Monetary Policy Committee

The Chancellor has appointed Professor Silvana Tenreyro as an external member of the Monetary Policy Committee (MPC).

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John Griffith Jones confirms plan to leave the FCA and PSR in March 2018

John Griffith Jones confirms plan to leave the FCA and PSR in March 2018

John Griffith-Jones confirms he will leave both organisations at the end of his term of office, on 31 March 2018.

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Andrew Haldane reappointed as the Bank of England’s Chief Economist

Andrew Haldane reappointed as the Bank of England’s Chief Economist

Mark Carney, Governor of the Bank of England reappoints Andrew Haldane as the Bank of England’s Chief Economist.

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Government shareholding in Lloyds Banking Group

Government shareholding in Lloyds Banking Group

Lloyds Banking Group has been fully returned to private ownership.

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Taxpayers get all their money back from Lloyds

Taxpayers get all their money back from Lloyds

British taxpayers have now recovered all of the £20.3 billion they injected into Lloyds Banking Group during the financial crisis.

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Winners of Pensions Dashboard Techsprint revealed as FinTech Week 2017 draws to a close

Winners of Pensions Dashboard Techsprint revealed as FinTech Week 2017 draws to a close

After a 24 hour competition the winners of the Pension Dashboard TechSprint have been announced.

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Pension TechSprint will show how FinTech can revolutionise the way savers manage their money

Pension TechSprint will show how FinTech can revolutionise the way savers manage their money

As part of FinTech week 2017, the Economic Secretary kicks off a 24-hour TechSprint – challenging developers to build a pensions dashboard app.

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New market leading bond launches today

New market leading bond launches today

New market-leading investment bond launched today by NS&I and will be on sale exclusively at nsandi.com for the next 12 months.

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FinTech Week 2017 line up confirmed

FinTech Week 2017 line up confirmed

The agenda for the UK Fintech Week 2017 has been confirmed by the Chancellor.

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