UK Finance

149 results about this entity

Period: 02 Jan 2002 - 05 Nov 2024

Many Brits still not banking online - ONS stats

Little more than half of Brits have used Internet banking in the last three months, according to data from the Office of National Statistics (ONS).

BBA ponders Payments Council merger - Sky News

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

Branches on the precipice as Brits embrace digital banking

Mobile and internet banking is now being used for transactions worth nearly £1 billion a day in the UK, hastening the decline of the traditional bank branch, according to new data from the British Bankers Association.

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.