Tagged: uk finance

October 24, 2024 @ 8:53 am By Omar Faridi  |  

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

October 22, 2024 @ 11:14 pm By Omar Faridi  |  

UK Finance has shared a Half Year Fraud Report 2024. According to the latest update from UK Finance, fraud continues to pose a major “threat” to the United Kingdom as well as potentially cause “serious harm’ to individuals and society in general. During the first… Read More

September 23, 2024 @ 5:35 pm By Omar Faridi  |  

UK Finance is calling for further housing market reform. UK Finance recently releases its report ‘Homes We Need’ which proposes solutions to complement the government’s plans. UK Finance, which represents over 300 firms “including 120 mortgage lenders, is today releasing its report Homes We Need.”… Read More

September 17, 2024 @ 7:37 am By Omar Faridi  |  

R3, the infrastructure platform building digital solutions for financial markets, and Quant, the digital finance pioneer, announce the release of the results of UK Finance’s UK Regulated Liability Network. The report which follows work with UK Finance with eleven of its members and partners on… Read More

September 8, 2024 @ 4:20 pm By Omar Faridi  |  

Three in five UK consumers reportedly fear falling victim to fraud, as life gets busier in September. This, according to an update from UK Finance. UK Finance notes in a blog post that half of the people say “they feel busier when coming back from… Read More

July 19, 2024 @ 6:12 am By Omar Faridi  |  

David Postings, Chief Executive of UK Finance, comments on the 2024 King’s Speech. David Postings from UK Finance noted: “We welcome the focus in the King’s Speech on economic stability and growth, something the financial services sector will play a key role in delivering. The… Read More

July 17, 2024 @ 8:21 am By Omar Faridi  |  

UK Finance has recently cautioned consumers about the prevalence of holiday scams as criminals try to trick people this summer. UK Finance notes that as summer approaches and we look for opportunities to take a break away in the sun, UK Finance’s Take Five to… Read More

July 5, 2024 @ 8:29 am By Omar Faridi  |  

UK Finance, in partnership with Global Counsel, has reportedly “developed a set of briefing papers on the key themes central to the debate around the UK’s capital markets and competitiveness more generally.” These themes are as follows: Risk and reward – risk is key to… Read More

June 28, 2024 @ 8:30 am By Omar Faridi  |  

UK Finance has released the Dedicated Card and Payment Crime Unit (DCPCU) annual report. The unit, formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police Service together with the Home Office, is described as being “a unique, proactive… Read More

June 19, 2024 @ 4:46 pm By Omar Faridi  |  

The UK has reportedly reached 150 million contactless cards issued, according to an update from UK Finance. UK Finance’s Card Spending Update for March 2024 shows “that contactless cards now account for 93 percent of those in issue.” UK Finance recently released its card spending… Read More

June 15, 2024 @ 7:00 am By Omar Faridi  |  

UK Finance released its latest Household Finance Review for Q1 2024, exploring trends across household, spending, saving, and borrowing. Mortgage borrowing in Q1 was down “compared with the same period the year before, despite growth in mortgage applications at the end of 2023.” Consumer spending… Read More

June 1, 2024 @ 8:17 pm By Omar Faridi  |  

UK Finance has recently released its financial services manifesto, outlining key priorities the next government should focus on. David Postings, Chief Executive of UK Finance, said: “The UK’s financial services sector is a global success story and one any future government should seek to partner… Read More

May 28, 2024 @ 1:22 am By Omar Faridi  |  

UK Finance recently released their latest fraud report. While sharing insights on this key update, the team at Lending Standards Board has provided their perspective on the findings. For background, the LSB is responsible for overseeing the CRM Code, which has reportedly been the “only… Read More

May 23, 2024 @ 8:26 am By Omar Faridi  |  

Fraud remains a major problem as over £1 billion is stolen by criminals in 2023, according to an update from UK Finance. UK Finance recently released its 2024 annual fraud report, “detailing the amount its members reported as stolen through payment fraud and scams in… Read More

May 14, 2024 @ 8:31 am By Omar Faridi  |  

UK Finance releases its latest mortgage arrears and possessions data for Q1 2024, while highlighting continuing lender support for customers The number of homeowner mortgages in arrears “rose slightly (three per cent) in Q1 2024 compared to the previous quarter,” in line with UK Finance’s… Read More

April 24, 2024 @ 8:23 am By Omar Faridi  |  

UK Finance, in association with law firm Addleshaw Goddard LLP, is announcing a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for commercial applications in the UK. VRPs are a form of payments instruction that “allows… Read More

April 16, 2024 @ 11:12 am By Omar Faridi  |  

UK Finance has announced work on a new UK Regulated Liability Network (RLN) experimentation phase with eleven of its members. The UK RLN is envisaged as a common ‘platform “for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger… Read More

March 14, 2024 @ 10:08 am By JD Alois  |  

UK Finance is reporting today that demand for SME financing improved in Q4 of 2023. Last year was difficult for all firms as markets, both public and private, sagged. This was due to rising interest rates paired with inflation as well as geopolitical challenges. However,… Read More

February 22, 2024 @ 4:00 am By JD Alois  |  

Bob Wigley, the Chairman of UK Finance, has joined the Board of Directors of R3. UK Finance is a group that advocates on behalf of the UK financial services industry, representing over 300 individual firms. The group aims to drive innovation and help to shape… Read More

February 12, 2024 @ 9:58 am By Omar Faridi  |  

UK Finance has announced the appointment of Thierry d’Argent, CEO of Societe Generale UK; Saif Malik, CEO, UK, Standard Chartered; and Mickey Schiller, CEO of Leumi UK, to its Board, effective 8 February 2024. TS Anil, CEO, Monzo; and Kelly Devine, Divisional President UK &… Read More