FCA 'won't stand in the way' of an end to 解放する／自由な banking, says boss

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The boss of the 財政上の 行為／行う 当局 has said the regulator would 'not stand in the way' of banks 選ぶing to 告発（する），告訴（する）／料金 顧客s to 持つ／拘留する accounts.?

Many City 会社／堅いs are 関心d about spiraling costs in the wake of regulatory changes, which are also 軍隊ing some to 転換 their 商売／仕事 models.?

Nikhil Rathi, the FCA's 長，指導者 (n)役員／(a)執行力のある, said on Thursday the regulator understood these （民事の）告訴s but stood by its 焦点（を合わせる） on 小売 保護 経由で its 消費者 義務 支配するs.?

He told the Morgan Stanley European 財政上のs 会議／協議会 on Thursday: 'We have always been （疑いを）晴らす that if 商売／仕事 models need to change in 返答 to 競争 and a changing market, we would not stand in the way.

'The "解放する／自由な-if-in-credit" banking model in the UK is a market and 商業の 決定／判定勝ち（する） not a regulatory 必要物／必要条件, other than for basic bank accounts.'?

End of an 時代? Nikhil Rathi, the FCA's 長，指導者 (n)役員／(a)執行力のある, said he would 'not stand i n the way' of moves to end the UK's 解放する／自由な banking model?

At 現在の, most savers do not have to 支払う／賃金 any sort of 月毎の or 年次の 料金 to open or 持続する accounts like 現在の or 貯金 accounts.

However, some providers already 告発（する），告訴（する）／料金 料金s to 持続する bank accounts. Taking one example, savers using the Santander 辛勝する／優位 Up 経常収支 are 告発（する），告訴（する）／料金d a £5 月毎の 料金 to 持続する it.

Rathi said many other countries already 課すd 料金s on 経常収支s.?

While some providers already 課す 料金s to 持続する 確かな accounts, 返答s to?Rathi's speech were mixed.?

Simon Youel, 長，率いる of 政策 and advocacy at 肯定的な Money, said he was '極端に 関心d' by Rathi's comments on the UK's 解放する／自由な banking model.?

Youel 追加するd: 'Banks' 利ざやs are hardly 存在 squeezed, with 貸す人s enjoying 記録，記録的な／記録する 利益（をあげる） s driven by higher 利益／興味 率s which they've withheld from depositors.

'It is bad enough that banks are cutting 接近 to in-person services with 支店 終結s - cutting 接近 to 解放する／自由な 経常収支s 同様に would be another big 非難する in the 直面する to the public.'?

Rathi, who has led the FCA since October 2020 after 後継するing now-Bank of England 知事 Andrew Bailey, said the 使用／適用 of the 消費者 義務 could also 削減（する） 補償（金） 徴収するs 課すd on 財政上の 会社／堅いs.

料金s: Some banks, 含むing Santander, already 告発（する），告訴（する）／料金 savers 料金s to 持続する 確かな accounts

He said the regulator would be 'pragmatic' when 施行するing 支配するs, 取り組むing 違反s that 提起する／ポーズをとる the greatest 危険 of 害（を与える） but looking 'favourably on 会社／堅いs that have made reasonable 成果／努力s to 演説（する）／住所 関心s'.

The FCA will, in this regard, 焦点（を合わせる） on cash 貯金 markets, both in the largest banks and on 壇・綱領・公約s, 保険 製品s such as 賞与金 財政／金融, and gap 資産 保護 保険, known as Gap 保険.?

Gap 保険?covers the difference, or 不足（高）, between the 現在の market value of your car and the price you 初めは paid for it.

Rathi 追加するd: 'We're not setting out to trip 会社／堅いs up by going after technical 違反s.'?

Rathi also said the FCA was 目的（とする）ing to '達成する earlier clarity than previous 是正する events' on the 規模 of 消費者 害（を与える） from possible overcharging in モーター 財政／金融.

Some of the UK's biggest banks have already 始める，決める aside hundreds of millions of 続けざまに猛撃するs to cover possible 是正する linked to the FCA's 調査（する）. Some 分析家s 見積（る） the banks' 可能性のある costs could rise as high as £2billion, while others 示唆する this is an underestimate.?

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Last month,?Lloyds Banking Group 始める，決める aside £450million to cover the 可能性のある costs of a regulatory 調査（する） into モーター 財政／金融 （売買）手数料，委託（する）／委員会／権限 手はず／準備.?

'The more quickly and comprehensively 会社／堅いs 協力する with requests for data, the sooner we can 結論する our work,' Rathi said.

On 人工的な 知能, Rathi said it was not the regulator's instinct to 捜し出す 即座の 規則 of 前進するs this field within the 財政上の services 部門.?

Summing up the FCA's approach to the 財政上の services 部門, Rathi said: 'A 一貫した 主題 has been that the onus is on 会社／堅いs to 満足させる themselves about fair value. That is not a Trojan horse for price 規則.'

He 追加するd: 'We are not a price regulator and we will not stand in the way of 井戸／弁護士席-run 商売／仕事s making 利益（をあげる）s in the 直面する of 効果的な 競争.'?

Rathi said the FCA would 転換 to '結果s-焦点（を合わせる）d 規則.' He said this was a '安定した move away from prescriptive 支配するs, beloved of 同意／服従 顧問s.'