uk iconUK

UK watchdog rejects lawmakers’ call to ease bank account rules

Britain’s financial regulator, responding to calls by lawmakers to make it easier to open a bank account, said there was no need for banks to ease existing rules.

UK watchdog rejects lawmakers’ call to ease bank account rules
smsfadviser logo

Parliament’s Treasury Select Committee published several recommendations in May on improving access to financial services, including requiring banks to relax their restrictions on opening a basic account.

Read more at KYC360

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox