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ARTICLE · 02 DECEMBER 2013

Financial Regulatory Developments (FReD) - 29 November 2013

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Government and regulators to examine Co-op: Treasury has announced the Government, PRA and FCA intend to use their powers under the Financial Services Act 2012 to investigate activities at the Co-operative Bank.

United KingdomFinance and Banking

UK Government and Parliament

Government

Government and regulators to examine Co-op: Treasury has announced the Government, PRA and FCA intend to use their powers under the Financial Services Act 2012 to investigate activities at the Co-operative Bank. (Source: Government and Regulators to Examine Co-op)

Parliament

Parliament to cap payday loans: The Government is introducing a further amendment to the Financial Services (Banking Reform) Bill that will introduce a cap on the overall cost of payday loans. The Bill has continued its Parliamentary process and is still in the Report stage in the House of Lords. (Source: Parliament to Cap Payday Loans and Bill Continues Parliamentary Process)

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