Policy and Guidance

Filter Policy and Guidance - Consultation Responses

UK Finance response to the HM Treasury consultation – Statutory Debt Repayment Plan

08.08.22

Consultation Responses

UK Finance response to the HM Treasury consultation – Statutory Debt Repayment Plan

UK Finance has responded to the HM Treasury Consultation on the Statutory Debt Repayment Plan. The SDRP is the second part to the Government’s Debt Respite Scheme. Breathing Space, which provides people in financial difficulty with time to seek debt advice was launched in May 2021. The SDRP, when launched, will provide a debt solution where consumers can combine their debts into a single payment plan.
UK Finance responds to the ISSB’s consultations on sustainability and climate risk disclosures (exposure drafts s1 & s2)

29.07.22

Consultation Responses

UK Finance responds to the ISSB’s consultations on sustainability and climate risk disclosures (exposure drafts s1 & s2)

UK Finance welcomes the opportunity to respond to the International Sustainability Standards Board’s consultation on its Exposure Drafts IFRS S1 “General Requirements for Disclosure of Sustainability-related Financial Information” and IFRS S2 “Climate-related Disclosures”, which aim to develop a comprehensive global baseline of sustainability disclosures for the financial markets.
UK Finance responds to the FCA’s Primary Markets Effectiveness Review DP22/2

28.07.22

Consultation Responses

UK Finance responds to the FCA’s Primary Markets Effectiveness Review DP22/2

UK Finance and its members have welcomed this opportunity to share our views and recommendations for improving the effectiveness of UK primary markets.
UK Finance response to to the PRA’s consultation paper CP 5/22

22.07.22

Consultation Responses

UK Finance response to to the PRA’s consultation paper CP 5/22

UK Finance has responded to the PRA’s consultation paper on its proposed definition of a Simpler-regime firm.
UK Finance response to the Transition Plan Taskforce

13.07.22

Consultation Responses

UK Finance response to the Transition Plan Taskforce

UK Finance welcomes the opportunity to respond to the UK Transition Plan Taskforce’s call for evidence. The Taskforce was established by HM Treasury to develop a gold standard for climate transition plans, which will be vital for banking and finance firms as they implement their sustainability and net zero commitments. 
UK Finance response to the HM Treasury consultation on Amendments to the UK’s Money Laundering Regulations 2017

08.07.22

Consultation Responses

UK Finance response to the HM Treasury consultation on Amendments to the UK’s Money Laundering Regulations 2017

We welcome the opportunity to respond to this consultation, seeking to further strengthen the UK’s Anti-Money Laundering (AML) regime through the introduction of amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), to further reflect existing risks threatening the integrity of the UK’s financial system. Read more below
UK Finance response to the HM Treasury Call for Evidence review of the UK’s Anti Money Laundering/Counter Terrorist Financing regime

08.07.22

Consultation Responses

UK Finance response to the HM Treasury Call for Evidence review of the UK’s Anti Money Laundering/Counter Terrorist Financing regime

Protecting the security, prosperity and reputation of the UK is a priority for the financial sector, which already spends billions each year to combat financial crime alone. Read more below
UK Finance Response - PSR CP22-02 Confirmation of Payee Further Participation

08.07.22

Consultation Responses

UK Finance Response - PSR CP22-02 Confirmation of Payee Further Participation

The PSR’s consultation CP22/2 considers how the PSR may mandate up to 400 firms over a two year period to implement Confirmation of Payee (CoP) as a mechanism to combat fraud and reduce misdirected payments.
UK Finance response to DP1/22 - The prudential liquidity framework: Supporting liquid asset usability

30.06.22

Consultation Responses

UK Finance response to DP1/22 - The prudential liquidity framework: Supporting liquid asset usability

We have responded to the Prudential Regulation Authority’s (PRA) Discussion paper 1/22 (DP) which explores why banks may be reluctant to draw on their high-quality liquid assets (HQLA) in periods of market wide liquidity stress.