Access to Banking Standard
From 1 April 2023, following recommendations made by the Lending Standards Board in December 2021, the LSB will no longer provide oversight of the Access to Banking Standard.
From 1 April 2023, following recommendations made by the Lending Standards Board in December 2021, the LSB will no longer provide oversight of the Access to Banking Standard.
The LSB welcomes the updated …
As part of our latest insights series, we breakdown quality assurance and how financial services firms’ culture plays a significant part in this.
Maintaining access to cash and banking services is essential for local communities. Today we launch a review of the Access to Banking Standard which aims to minimise the impact of bank branch closures, to determine whether it remains effective in driving fair outcomes.
In an increasingly complex regulatory landscape, the sheer number of rules and requirements can seem overwhelming for financial services firms. But this does not mean that ensuring good customer outcomes should fall off the agenda.
We have published guidance on the Access to Banking Standard, sharing examples of good practice to help drive fair outcomes for customers and local communities impacted by bank branch closures.
We have published a summary report of the Access to Banking Standard.