OCC report highlights strategic risks from fintech, operational risk from third parties

Office of the Comptroller of the Currency

Strategic, credit, operational and compliance risks remain top concerns for the federal banking system, the US Office of the Comptroller of the Currency (OCC) reports in its Semiannual Risk Perspective for Spring 2017.

Fair treatment of customers lies at heart of future says FCA director

Adamson: the FCA has made a "positive" contribution in its first year of life

New UK regulator the Financial Conduct Authority has made a good start in its first year of life and has helped to contributed to a “sea change” in the way conduct is viewed and treated by financial institutions, according to Clive Adamson, director of supervision at the FCA.

Regulation is holding back innovation says building society chief


There is a danger that regulation will push financial services so far down the path of homogeneity that it hinders innovation and hurts customers, warns Robin Fieth, chief executive at the Building Societies Association.

Building societies: bouncing back to the future

The viaduct at Knaresborough serves as a conduit to Harrogate

Harrogate, where the Building Societies Association holds its annual conference, is located at the end of a branch railway line from York. The route takes in the town of Knaresborough, crossing a picturesque gorge with a river at the bottom and the remains of a medieval castle up on the hill. Arriving at the BSA conference venue the taxi driver observed, with a distinct sense of regret, that “there aren’t as many building societies around as there used to be.” That’s true

Can branches survive in a cashless future?

Harrogate: home of the BSA conference 2013

Two different visions of the future of retail financial services did battle at the Building Societies Association annual conference in Harrogate this week , revealing a dilemma facing UK building societies.