Policy and Guidance

Filter policy and guidance - Consultation Responses

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.
UK Finance response to the Green Finance Strategy update

22.06.22

Consultation Responses

UK Finance response to the Green Finance Strategy update

We welcome the opportunity to respond to the government’s call for evidence on the Green Finance Strategy update. The banking and finance sector plays a key role in supporting the UK’s transition to net zero and its wider sustainability commitments.
UK Finance response to the all-party parliamentary group inquiry on financial education

21.06.22

Consultation Responses

UK Finance response to the all-party parliamentary group inquiry on financial education

We are pleased to respond to the All Party Parliamentary Group (APPG)) inquiry into the barriers facing schools as they deliver financial education.
UK Finance Response to OST Consultation

20.05.22

Consultation Responses

UK Finance Response to OST Consultation

We welcome the opportunity to respond to the HM Treasury (HMT) consultation regarding the potential Online Sales Tax (OST).
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.