Written by Peter Kent
The Banking Code Standards Board (BCSB) has released its latest quarterly bulletin, revealing some of the group's targets for the coming months.
Readers are reminded that since the last publication in March, the Financial Services Authority has revealed that it will be introducing its Banking Conduct of Business Sourcebook (BCOBS) in November.
November 1st will mark the date that the BCSB no longer holds responsibility for conduct of business regulation for payments, deposit, savings products.
The board had previously announced that it was concerned consumer protection would be affected by the switchover, but attitudes have since changed.
Its bulletin indicated that the BCSB is "pleased to report that proposals have now been agreed", which will hopefully lead to continued enforcement of credit card and other lending standards.
Earlier this year, the board conducted a review of the management of unauthorised transactions and found that that there is "generally good compliance with this area of the Code and Guidance for Subscribers".
