WebOct 21, 2024 · October 21, 2024. In new guidance published this month, the Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures. The guidance, which already expects banks to carry out thorough checks on the impact permanent closures will have on customers, has now been … WebOct 11, 2024 · Where firms have fallen short of expectations, the FCA has asked for closures to be paused or other options to be put in place. The updated guidance further clarifies what is expected of firms and strengthens protections for consumers that rely on branch services. Sheldon Mills, Executive Director Consumer and Competition, said: …
FCA guidance consultation on branch and ATM closures
WebOctober 30, 2024. Today we have published guidance on the Access to Banking Standard, to help provide greater consistency in the way the Standard is applied by its signatory firms. The Access to Banking Standard, overseen by the LSB, is designed to ensure that customers affected by branch closures receive sufficient communication and clarity on ... WebJan 28, 2024 · The Financial Conduct Authority is asking the UK's banks to reconsider branch closures during the Coronavirus lockdown. The FCA in September introduced … boson-ai
UK’s financial regulator urges banks to rethink branch closures
WebJul 1, 2024 · The document summarises the responses received to the consultation questions and sets out the government’s planned approach to legislating for access to cash in the Financial Services and ... WebJan 25, 2024 · We want to ensure that bank branch and ATM (cash machines or cashpoints) closures or conversions are made in a way that takes proper account of … WebJun 15, 2024 · On 14 June 2024, the FCA published Guidance Consultation 22/2 ‘Branch and ATM closures or conversions: Updated guidance for firms’ (GC22/2). In GC22/2 the FCA proposes to update the current guidance on branch and ATM closures or conversions (Finalised Guidance 20/3 (FG20/3) and is the latest step the FCA has taken to protect … hawa instructers