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FCA confirms scope of UK investment and corporate banking competition investigation

The UK's financial regulator will examine the amount of choice available to corporate banking customers and the extent to which cross-selling limits competition as part of its investment and corporate banking market study, it has confirmed. 22 May 2015

US Department of Justice confirms foreign exchange criminal charges and fines for global banks

Four of the world's largest banks have pleaded guilty to conspiring to manipulate the price of US dollars and euros exchanges in the foreign currency exchange (forex) spot market, the US Department of Justice (DoJ) has announced. 21 May 2015

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Five EU countries unable to comply with EBA guidelines on retail payments

The UK, Slovakia and Estonia have said that they are unable to comply with internet payment guidelines that have been issued by the European Banking Authority (EBA), while Cyprus and Sweden will partially comply.  21 May 2015

UK to implement EBA guidelines on role-based allowances paid by banks and investment firms, but hope remains for proportionate approach say experts

European Banking Authority (EBA) guidelines requiring banks and investment firms to change the way they classify 'role-based allowances' (RBAs) paid to senior staff will take effect in the UK from next year, the head of the Prudential Regulation Authority... 20 May 2015

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