Editor's letter: your weekly digest

Start a free three-week trial to access our exclusive content below.

Welcome to the end of another working week. Banks favour a standardised model over an internal model approach; Consumer Duty turns one; and the reason why Revolut has only been given a 'provisional' banking licence.

Big banks shun internal model approach favoured by regulators

Banks are ditching IMA at scale for a standardised approach, say experts. Research: James King. Read more

UK banks’ comms breaches spark wider Consumer Duty debate

Communication failings flagged up by CMA also conflict with FCA’s. Analysis: Ellesheva Kissin. Read more

Big banks doubt FCA’s growth duty success

Regulator admits nearly 50 per cent of large firms are “not confident” on growth remit. Analysis: Yusuph Choudhury. Read more

Lloyds Bank accused in ￡285mn asset finance fraud lawsuit

Figures show this type of scam is soaring, despite fresh regulatory scrutiny. News: Ellesheva Kissin. Read more?

How to convince the doubters on UK’s new listing regime

Will new rules drive an influx of international companies to the UK? Opinion: Joan Yu. Read more

UK banks’ compliance spending surges amid regulator’s AML concerns

Technology is now attracting almost two-thirds of financial crime compliance budgets. News: Barbara Pianese. Read more

Why Revolut only has a ‘provisional’ banking licence

There are still risk and compliance holes for the fintech to fill. Analysis: Frances Coppola. Read more

APP scammers prefer UK fintechs to park stolen funds

Watchdog reveals three fintechs draw 15 per cent of illicit funds from APP scams. Research: Ellesheva Kissin. Read more

Farah Khalique

Editor, Banking Risk & Regulation