Year: 2019

FCA publishes PS19/25: Overdraft pricing and competition remedies

The Financial Conduct Authority (FCA) has published policy statement PS19/25: Overdraft pricing and competition remedies. This follows the FCA’s publication of the Overdraft pricing policy statement (PS19/16), which made rule changes to the way banks and building societies charge for overdrafts; the FCA’s consultation paper CP19/18, which set out the FCA’s proposals on further rules relating …

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TISA publishes new SM&CR guide for FCA solo-regulated firms

The Investing and Saving Alliance (TISA) working group on the Senior Manager & Certification Regime (SM&CR) has published a guide for solo-regulated firms in advance of the SM&CR extension. TISA does not consider that industry is ready to take the SM&CR into business as usual (BAU) and has therefore published the guide entitled ‘Don’t let …

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