FCA has announced it is to undertake a review of the retail banking market, in order to enhance its understanding of the state of competition and conduct in that market. It has identified the need better to understand the business models banks use, focussing on competition issues, understanding the costs incurred in the free-if-in-credit banking model and assessing the effects of changes such as the increase in use of digital channels and closure of branches. It will start to engage with banks now, and then issue an information request. It expects to make a preliminary report in mid-2018.
Welcome to FIN.
FIN. User Guide
Use FIN. to suit your needs – browse the categories at the top of this page, or look through the archives below. You can also search for specific news items, or review by popular tags.
FIN. is updated on a regular basis. Also, we send our mailing list an email once a week with a round up of what’s been happening.
About Womble Bond Dickinson
"Womble Bond Dickinson", the “law firm” or the "firm" refers to the network of member firms of Womble Bond Dickinson (International) Limited, consisting of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP. Each of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP is a separate legal entity operating as an independent law firm. Womble Bond Dickinson (International) Limited does not practice law. Please see www.womblebonddickinson.com/legal-notices for further details. womblebonddickinson.com