The Bank of England could establish a “concierge service” to help foreign companies do business in the United Kingdom. It’s a similar service to one already available in Singapore, the Financial Times reported Monday (Jan. 20), citing a letter from Sam Woods, head of the...
After a three-year wait, Revolut has secured a banking license in its home country. The British FinTech announced Thursday (July 25) that it had been granted the license, with restrictions from the country’s Prudential Regulation Authority (PRA), an arm of the Bank of England that...
Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays in its regulatory journey, but remains committed to close collaboration with regulators and maintains hope for eventual license approval, the...
For believers in pathetic fallacy, the thunderclouds hanging over London today are an ominous sign for Liz Truss, who has officially been handed the reins of government by the outgoing Prime Minister Boris Johnson. In his final speech outside 10 Downing Street on Tuesday (Sept....
March 05, 2025
The Bank of England is weighing an increase to its retail deposits leverage ratio threshold. Such a move, the central bank’s Prudential Regulation Authority (PRA) said Wednesday (March 5), would exempt smaller banks from the rules governing the U.K.’s banking giants. “Guarding against excessive leverage in our banking system is essential for economic stability, but we should achieve that […]
January 20, 2025
The Bank of England could establish a “concierge service” to help foreign companies do business in the United Kingdom. It’s a similar service to one already available in Singapore, the...
July 25, 2024
After a three-year wait, Revolut has secured a banking license in its home country. The British FinTech announced Thursday (July 25) that it had been granted the license, with restrictions...
October 22, 2023
Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays in its regulatory journey, but...