The FSA will take over all retail banking conduct regulation for deposit taking and payment services in November 2009.
The FSA will take over all retail banking conduct regulation for deposit taking and payment services in November 2009.
Currently, the Banking Code Standards Board (BCSB) monitors and enforces voluntary Banking Codes which govern banks’ day to day relationships with their customers. From November, these arrangements will be replaced by new FSA rules which all banks, building societies and credit unions must follow.
Changes will also be made to the provision of information.
Press release
Policy statement
Newsletter
© FSA - Financial Services Authority
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