Policy and Guidance

We aim to ensure members have access to the information and tools needed to adapt and thrive, while meeting regulatory and compliance obligations.

The regulatory landscape is constantly evolving, while rapid developments in technology are changing the face of financial services. We publish an extensive range of reports and publications on the topics and issues facing businesses, consumers and the banking and finance industry, from policy papers and data and statistics, through to research reports. We work with in-house expertise, members, government and regulators to develop policy and guidance, including industry-wide standards such as the IFABL Standards Framework. As a collective voice for the banking and finance industry, UK Finance provides detailed responses to regulator and government-driven consultations, looking to shape the best outcome for our members and their customers and ensure proportionate and measured results. 

Filter Policy and Guidance

UK Finance response to FPC mortgage affordability consultation

09.05.22

Consultation Responses

UK Finance response to FPC mortgage affordability consultation

We are pleased to respond to the Financial Policy Committee’s (FPC) consultation paper which proposes the withdrawal of its 2014 affordability test Recommendation.
Exploring open finance

04.05.22

Reports and Publications

Exploring open finance

Open Finance has the potential to unlock a range of outcomes for both consumers and businesses – from accessing cheaper credit and boosting savings, to removing friction from within payment journeys.
UK Finance response to CP2-22

02.05.22

Consultation Responses

UK Finance response to CP2-22

We are pleased to respond to the Prudential Regulation Authority’s (PRA) consultation paper which proposes transferring the UK Technical Standards for own funds requirements for institutions into PRA rules, reflecting revisions to the Capital Requirements Regulations (CRR) and clarifying the PRA’s expectations regarding capital issuances and reductions.
UK Finance Response CARF and CRS amendments Public Consultation Document

29.04.22

Consultation Responses

UK Finance Response CARF and CRS amendments Public Consultation Document

Overall, UK Finance Members (‘Members’) welcome the measured approach the OECD has taken towards improving the operation of the Common Reporting Standard (‘CRS’) and modernising tax transparency regulations.
The future development of Open Banking Payments

28.04.22

Reports and Publications

The future development of Open Banking Payments

Open banking payments can drive greater payment choice for customers and merchants, and are increasingly playing a bigger part in the payments world.
UK Finance response to HMT & HMRCs OECD Pillar Two consultation on implementation

06.04.22

Consultation Responses

UK Finance response to HMT & HMRCs OECD Pillar Two consultation on implementation

The OECD Pillar Two rules have been developed and agreed by delegates from all Inclusive Framework member jurisdictions to ensure large multinational enterprises (MNEs) pay a minimum level of tax on the income arising in the jurisdictions in which they operate.
Funds Transfer Regulation - "How to" interpretative guidance

01.04.22

Guidance

Funds Transfer Regulation - "How to" interpretative guidance

In 2015 the updated Funds Transfer Regulation (FTR) (also known as the Wire Transfer Regulation) was published. In 2017, the Council of the European Supervisory Authorities (ESAs) published their guidance for the FTR, with an implementation date of 16 July 2018. UK Finance engaged with its members on the issue of interpretation and compliance.
Joint statement on cladding

31.03.22

Guidance

Joint statement on cladding

The lending and valuation industries agree that owners, and/or prospective buyers of flats should have confidence that the home they live in or wish to buy is safe and free from fire safety defects.
UK Finance response to PRA Rulebook changes DP3-21

30.03.22

Consultation Responses

UK Finance response to PRA Rulebook changes DP3-21

UK Finance has responded to the PRA's DP3/21 on its planned update to its Rulebook website.