MARCH 2008 BANKING CODES – TRANSITIONAL ARRANGEMENTS EXPIRE

The transitional arrangements expired on 1st of July. For reference purposes details remain avaliable on request.

CHANGES TO BANKING CODE RULES 5.4

In order to extend the ‘gateway’ for the BCSB to provide information to the FSA, so that it covers all the areas of overlap between the BCSB and the FSA identified in the Memorandum of Understanding signed on 17 June 2008, an amendment to Banking Code Rule 5.4 has been agreed, to take effect on 15 July 2008. The revised wording is available through the link below. The text of the Rules on this website will be amended when the changes have become effective.

Click here for changes

BULLETIN NO 27

Bulletin No.27, issued on 30th June 2008, is now available

Click here for Bulletin

MOU SIGNED WITH THE FSA

The BCSB entered into a Memorandum of Understanding with the Financial Services Authority on the 17th June 2008.

The MOU provides the framework for co-operation and communication between the two bodies in carrying out their respective responsibilities in relation to deposit taking products that are covered under the Banking Codes.

Click here for the full text of the MOU

BANKING CODES

New editions of the Banking Code and Business Banking Code were introduced on 31st March 2008.

Please click here for sponsors press release

BASIC BANK ACCOUNT MYSTERY SHOPPING

The BCSB has recently completed a mystery shopping exercise covering the provision of information on Basic Bank Accounts.

Click here to view report

Click here to view Press Release

INDEPENDENT REVIEWER’S REPORT PUBLISHED

The sponsors of the Banking Code and the Business Banking Code have published the Report of Mike Young, Independent Reviewer of the Codes. To read the Report and associated publications, please follow these links to the website of the British Bankers' Association:

Click here to view the introduction and main conclusions from Mike Young's Report:

Click here to view Mike Young’s full Report:

Click here to view the industry response:

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ANNUAL REPORT 2006/2007

Our latest annual report together with a supplement providing further information on our approach to maintaining enforcement is now avaliable by clicking Annual Reports.