Closing a U.K. bank account against the wishes of the customer has just got more complicated. From April 28, banks and payment service providers must comply with new rules governing when and how they close an existing customer’s account.
Banking
Posted inRegulatory Policy
U.K. banking regulator focuses on accountability, governance and data while relaxing reporting cycles
The U.K. banking regulator is shifting its focus to rigorously monitoring outcomes, rather than adding rules, and this is driving investment in oversight functions.
Posted inBanking
FCA sets out plans for industry to compensate 12.1 million for car finance scandal
Over 12 million customers are eligible for compensation after being ripped off by car finance firms that racked up fees by arranging inflated interest rates for loan repayments and denied people the chance to seek better deals.
Posted inBanking
Deutsche Bank names CRO
Deutsche Bank appointed Marcus Chromik as chief risk officer, effective May 20.
Posted inBanking
Riksbank announces GC
Riksbank has appointed Annica Sandberg as its new general counsel, effective Jan. 7.
Posted inBanking
HSBC appoints interim group risk, compliance chief
HSBC appointed Richard Blackburn as interim group chief risk and compliance officer. It was also announced that Julian Wentzel will be the interim group chief sustainability officer.
Posted inBanking
World Bank Group appoints risk chief
The World Bank Group announced the appointment of Dennis McLaughlin as chief risk officer and vice president.
Posted inBanking
Redwood Capital Bank welcomes CRO
Redwood Capital Bank announced the hiring of Stephanie Bye as senior vice president/chief risk officer.
Posted inBanking
Citadel Credit Union announces risk chief
Citadel Credit Union announced the appointment of Chris Palumbo as chief risk officer.
Posted inAsia, Banking
Bank of China appoints risk chief
Bank of China announced the appointment of Zhao Rang as its chief risk officer.
