The British Bankers’ Association (BBA) has said that bringing the Banking Code more firmly into statutory regulation is now appropriate and that it has no problems with this approach.
Angela Knight, chief executive of the BBA said: “We have been in discussion with the Government and FSA for some months on giving more certainty to all stakeholders by putting the Banking Codes on to a statutory footing. The codes have served their purpose well in bridging the gap between what comes under the remit of the FSA, and credit which does not. Many different entities provide lending to people and to businesses and clearly these need to be included in any new legislative requirements.”
“In addition,” Knight added, “banks will continue to follow the small business Statement of Principles which sets out the good practices that banks will follow with their small business customers in difficult times.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more