November 2017
Price: £95 PLUS VAT
Format: DOWNLOADABLE PDF
This seminar discussed the future for retail banking in the UK - looking in particular at the implications of open banking, key issues for competition and regulation, and the emergence of new business models and technology.
It was timed as stakeholders and policymakers prepared for the introduction of open banking and the implementation of the second Payment Services Directive (PSD2) in January 2018 - which will require banks to open access to customers’ account data and give third party providers the ability to initiate payments. Delegates discussed how these major changes will impact on consumers and competition - as well as how the sector can best seize the opportunities presented by the introduction of open APIs (Application Programming Interface).
The conference was also timed as the FCA develops preliminary conclusions from its strategic review of retail banking business models - and as the Regulator considers potential ‘fundamental changes’ to unarranged overdraft charges, following its review on the issue.
Further sessions discussed key priorities for promoting competition in the sector - including how government proposals for a fund to resolve RBS’s state aid commitments could best work to support challenger banks increase their business banking capabilities.
Speakers and other delegates at this conference were a senior and informed group including Members of both Houses of Parliament, senior government officials involved in this area of public policy, together with banks, building societies, payment service providers, Fintech businesses, commentators, economists and academics, alongside members of the national and trade press.