Financial institutions
All Standard Notes
31 Documents
| Date | Description |
|---|---|
| 10.05.2013 | Equitable Life: compensation scheme |
| This note is designed to summarise the processes and principles behind the Equitable Life compensation scheme. It is designed to help constituents who wish to know what they might expect and what they have to do if they believe that they are due compensation. | |
| 02.05.2013 | LIBOR, Public Inquiries & FSA Disciplinary Powers |
| This note summarises some of the key points relating to the LIBOR scandal. It looks at issues surrounding public inquiries and at the role and limitations of the FSA's/FCA's disciplinary powers. | |
| 11.02.2013 | Banking executives' remuneration in the UK |
| This Note outlines some of the changes made to the structure, determination and publication of executive salaries, with particular reference to banks and other financial companies. | |
| 24.01.2013 | Motor car insurance |
| This note outlines some of the reasons given for the substantial rise in motor insurance premiums experienced by many constituents in the last year. | |
| 04.01.2013 | The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards |
| This note summarises the main features proposed by the Vickers Commission to reform the UK banking market. | |
| 20.12.2012 | European banking union |
| This note brings together the main documents relevant to the debate on November 6th 2012 on proposals for a new, unified system of banking supervision proposed by the European Commission. | |
| 19.12.2012 | Financial Services Bill: House of Lords committee stages |
| Summary of Lords committee stages of Financial Services Bill | |
| 06.12.2012 | Financial Services Bill: House of Lords Report & Third Reading stages |
| A guide to the main amendments agreed to during the Report and Thrid Reading stages of the Financial Services Bill 2012 | |
| 22.08.2012 | Reforming financial markets VIII: implementing the new Basel regulatory capital rules |
| This is one of a series of notes which looks at actual or proposed reforms of either certain parts of the financial services sector or reforms of certain activities. These notes attempt to describe the progress made on individual issues through these phases. This note focuses upon the standards for prudential capital and liquidity control put forward at various levels of national and international authority. | |
| 06.01.2012 | Crown Currency Exchange (CCE) |
| This note sets out the position for customers following the collapse of Crown Currency Exchange (CCE) and its subsequent liquidation. | |
| 16.11.2011 | Credit Unions |
| Credit Unions. By Tim Edmonds. SN/BT/1034. | |
| 26.10.2011 | Big Society Bank |
| This note sets out the known facts surrounding the establishment of the Big Society Bank. | |
| 03.06.2011 | The economic crisis: policy responses |
| This note brings together the various elements of Government action to deal with the current economic crisis | |
| 01.06.2011 | Retail Banking: overdraft and credit card charges |
| This note sets out the background and chronology to various challenges mounted by the public and the Office of Fair Trading against credit card companies and high street banks over their charging policies. | |
| 03.02.2011 | Equitable Life: Penrose and beyond |
| This Note outlines developments in the long running examination of the causes of and the search for remedies for, the collapse of Equitable Life. It starts with setting up of an inquiry by the Government into the causes of the troubles headed by a judge in Scotland, Lord Penrose. Another standard note deals with events leading up to this point: Equitable Life: Pre Penrose SN/BT/1197. | |
| 18.08.2010 | Keydata Investment Services in administration |
| Keydata Investment Services was placed into administration by the Financial Services Authority in June 2009. The administrators, PricewaterhouseCoopers, found a number of serious issues at the company, one of which was that many products sold as ISAs were in fact ineligible for tax-free saving status. More seriously, they subsequently found that income on certain investment products had not been paid in recent months, and, in the case of one type of investment, they had been unable to satisfy themselves as to the safe custody of the underlying assets", and suggested that "the assets have been liquidated and may have been misappropriated". | |
| 14.06.2010 | Reforming financial markets IV: Crisis management and bank insolvency |
| This is one of a series of notes which looks at actual or proposed reforms of either certain parts of the financial services sector or reforms of certain activities. These notes attempt to describe the progress made on individual issues through these phases. This note focuses upon the new rules and procedures in respect of the rescue or orderly winding down, in the event of financial failure of banks. | |
| 12.05.2010 | Banking Crises:lessons from abroad |
| 11.05.2010 | Financial Regulation: the new rules |
| This note highlights the new financial rules drawn up by the Financial Services Authority in response to the financial crisis which began in 2007. | |
| 04.05.2010 | Irish banks: deposit protection |
| This note sets out the issues behind recent concerns surrounding the safety of deposits made by UK residents in Irish banks. One important linkage between UK depositors and the Irish banking system is provided by the Post Office, which offers savings' bank accounts sourced with the Bank of Ireland | |
| 12.04.2010 | The credit crisis:a timeline |
| This Standard Note provides a brief history of the events that took place during the credit crisis (also known as the credit crunch). | |
| 11.03.2010 | European responses to the financial crisis |
| Summarises responses from individual European governments and from the EU. | |
| 11.03.2010 | EU financial services legislation |
| 13.01.2010 | Competition and the banking crisis |
| This note sets out to: provide information on state aid rules and assistance to the financial sector; explain some of the competition concerns relating to the banking crisis; and set out briefly the powers of the competition authorities to address such concerns. | |
| 22.07.2009 | Icelandic Bank Default |
| This note sets out the events surrounding the collapse of several Icelandic banks with branches in the UK. It looks at compensation arrangements and the impact of default on other groups. | |
| 22.06.2009 | Proposals to reform financial regulation |
| This Note provides a summary of the reforms recommended in the Turner Review, the European Commission's de Larosiere report, documents produced by the Basel Committee on Banking Supervision and a range of reports produced by the Financial Stability Forum/Financial Stability Board. | |
| 15.06.2009 | US bank stress tests |
| This Standard Note provides an overview of the bank stress tests completed by the US federal authorities in May 2009 | |
| 22.04.2009 | Co-operative and community Benefit Societies and Credit Unions Bill - Bill 14 2008/09 |
| This note provides background to a Private Members Bill being introduced by Malcolm Wicks MP which has government support | |
| 27.03.2009 | Iceland's financial crisis |
| The global financial crisis has been tumultuous for Iceland. Until recently considered a rich, successful and competitive nation, Iceland suffered a dramatic collapse of its economy and currency following the collapse of its banking sector in October 2008. It was forced to negotiate a loan from the IMF and further financial support from a number of countries, and saw the fall of its government. The crisis has led to renewed suggestions that Iceland may apply to join the EU and adopt the euro. Following the Government's fall in January 2009, a caretaker Government took over in February and elections are expected on 25 April 2009. The major partner in the caretaker left-wing coalition, the Social Democratic Alliance, was a member of the previous administration and is strongly pro-EU, but its new partner, the Left Green Movement, has said it will continue to oppose EU membership. | |
| 04.03.2009 | Scottish banknote issuance |
| This short note outlines the arguments surrounding the acceptability, or otherwise, of Scottish banknotes | |
| 14.10.2008 | Supplementary Estimate and Consolidated Fund (Appropriation) (No 3) Bill |
All Research Papers
19 Documents
| Date | Description |
|---|---|
| 28.02.2013 | Financial Services (Banking Reform) Bill |
| This, latest, financial services reform legislation brings together the final proposals for how the banking sector will look going forward. | |
| 03.10.2012 | Enterprise and Regulatory Reform Bill: Committee Stage Report |
| This is a report on the Public Bill Committee Stage of the Enterprise and Regulatory Reform Bill. It is designed to complement the Research Paper Enterprise and Regulatory Reform Bill (RP 12/33), which covers in more detail the background to the Bill | |
| 03.07.2012 | Bank of England (Appointment of Governor) Bill |
| This Bill would make the appointment of the Governor of the Bank of England dependent upon the approval of the Treasury Select Committee. | |
| 22.06.2012 | Financial Services Bill [Bill 278 of 2010-12] |
| The focus of this Bill is to set up a new framework for financial regulation in the United Kingdom | |
| 07.06.2012 | Enterprise and Regulatory Reform Bill |
| The Enterprise and Regulatory Reform Bill introduces reforms in a number of areas. | |
| 15.05.2012 | Financial Services Bill: Committee Stage & Report Stage (day one) Report. |
| The focus of this Bill is to establish a new framework for financial regulation in the United Kingdom. | |
| 19.04.2012 | Financial Services Bill: Committee Stage Report |
| The focus of this Bill is to establish a new framework for financial regulation in the United Kingdom. | |
| 13.12.2010 | Loans to Ireland Bill. [Bill 125 of 2010-11] |
| This paper on the Loans to Ireland Bill has been prepared for the Second Reading Debate on the Bill in the House of Commons. The Bill authorises the Treasury to loan up to £3.25bn to Ireland, and contains an order-making power to increase this limit subject to affirmative procedure in the Commons. It also arranges for six-monthly reporting to Parliament on the status of the loan. All Commons stages were taken on 15 December 2010. | |
| 27.01.2010 | Co-operative & Community Benefit Societies and Credit Unions Bill [HL] Bill No. 50 |
| The Bill requires new industrial and provident societies (other than credit unions) to be registered as co-operative or community benefit societies, re-names the Industrial and Provident Societies Acts, and applies the Company Directors Disqualification Act 1986 to industrial and provident societies. The Bill also gives the Treasury powers to apply company law on the investigation of companies, company names and dissolution and restoration to the register, to industrial and provident societies, and to make provisions for credit unions corresponding to any provisions applying to building societies. | |
| 20.01.2010 | Financial Services Bill : Committee Stage Report |
| This is a report on the Committee Stage of the Bill. The Bill creates a Council for Financial Stability to co-ordinate the responsibilities and action of the Bank of England, Financial Services Authority (FSA) and Treasury with respect to financial stability. It also provides for collective consumer legal action to be taken in cases of multiple claimants against financial companies. The key debate at Committee Stage was on the structure of the regulatory system and the establishment of the Council for Financial Stability. One Government amendment was made to the Bill, which emphasised that the Bill had no retrospective impact upon executive remuneration contracts. | |
| 27.11.2009 | Financial Services Bill. Bill 6 2009-10. |
| This is the third piece of financial services legislation since 2007 to respond to the banking and financial crisis. It does however, include other measures designed to improve the position of financial services customers. It creates a Council for Financial Stability to co-ordinate the responsibilities and action of the Bank, FSA and Treasury with respect to financial stability matters. It enhances and extends the powers of the FSA and gives it new duties. Lastly, amongst other consumer protection measures, it provides for collective consumer legal action to be taken in cases of multiple claimants against financial companies. The Bill applies to the whole of the UK. | |
| 25.11.2008 | Banking Bill Committee Stage Report |
| The Banking Bill represents part of the Government's legislative response to the ongoing banking crisis affecting the UK. It continues powers provided temporarily in the aftermath of the Northern Rock nationalisation; provides a framework for new rescue initiatives of failing bank; alters the existing regulatory structure surrounding banks and makes changes to the compensation scheme which protects depositors' deposits. | |
| 24.10.2008 | Dormant Bank and Building Societies Bill [HL] Bill 150 of 2007-2008 |
| 10.10.2008 | Banking Bill Bill 147 of 2007-08 |
| Banking Bill Bill 147 of 2007-08 House of Commons Library Research Paper 08/77 | |
| 30.09.2008 | Dormant Bank and Building Society Accounts Bill [HL] Bill 80 of 2007-08 |
| This short Bill provides the legislative framework for an intended 'dormant assets' scheme. Dormant assets are those that have no clear owner; the owner has not used the account for some time and cannot be contacted. The Bill provides a mechanism by which assets so identified can be managed and distributed for defined social purposes. It also provides necessary legal protections for institutions participating in the scheme. | |
| 19.02.2008 | Banking (Special Provisions) Bill |
| Banking (Special Provisions) Bill. (Bill 73 of 2007-08). House of Commons Library Research Paper 08/19. | |
| 21.03.2007 | Financial Mutuals Arrangements Bill 2006-07 |
| 10.04.2002 | Social indicators |
| Social indicators. (Includes articles on Railways across Europe, Private medical insurance and Sources of election statistics). House of Commons Library Research Paper 02/22. | |
| 24.06.1999 | Financial Services and Markets Bill (Bill 121 1998/99) |
| Financial Services and Markets Bill. (Bill 121 of 1998/99). House of Commons Library Research Paper 99/68. |
