UK Finance

146 results about this entity

Period: 02 Jan 2002 - 17 Sep 2024

Risk and the digital environment

Justine Walker, director, financial crime(sanctions and bribery)at the British Bankers Association, discusses how the financial risk industry is responding to a digital environment and how it is redefining risk classification.

UK mobile banking transactions double in one year

The UK is in the midst of a technology-led banking revolution as Brits shun branches in favour of their mobile phones, figures from the British Bankers Association show.

UK police and banks tap counter-terrorism methods to fight cyber-crooks

British banks have joined forces with the City of London Police to use terrorist-fighting techniques to take on cyber-fraudsters, preventing the theft of nearly £175 million over the last few months.

UK banks scrap currency fees

Following an Office of Fair Trading probe, British banks have agreed to ditch some of the fees they charge people for buying foreign currency.

Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

BSI plans financial services compliance standard

UK standards body BSI is working with financial industry bodies to develop a working methodology for business and operational compliance in the banking sector.

Credit crunch to boost demand for outsourcing - report

The credit crunch will drive a wave of outsourcing and offshoring in financial services as cash becomes tighter and banks look to cut costs, according to a UK study.

EC consults on bank account switching

The European Commission (EC) has launched a consultation on ways of making it easier for customers to switch bank accounts between financial institutions - both at a national level and within the European Union.

UK trade bodies band together to influence MiFID - FT

A group of 11 UK trade associations have banded together to influence the way the European Union's Markets in Financial Instruments Directive (MiFID) is implemented following fears that City regulators could take an "overly stringent approach" to the new measures, says the FT.

UK to move to pan-European corporate action standards

A new working group - jointly chaired by the British Bankers' Association (BBA) and CrestCo - has been established to ensure UK compliance with new pan-European corporate action standards.

UK trade associations establish MiFID implementation programme

Four major financial trade associations in the UK have established a joint industry-driven programme to help firms implement the European Union's Markets in Financial Instruments Directive (MiFID).

Banks back UK ID theft Web site

A Web site designed to help businesses train staff to detect ID theft activity has been launched by the UK's fraud prevention service Cifas in partnership with Apacs and the British Bankers' Association (BBA).