PRA (Prudential Regulatory Authority)

Treasury Select Committee chairman Andrew Tyrie has written to the Financial Conduct Authority chief executive Martin Wheatley calling on the regulator to do more to crack down on poor practices in banks linked to sales incentives and remuneration.

FIVE THINGS

Evidence of Royal Bank of Scotland's (RBS') treatment of small businesses has been passed to financial regulators by business secretary Vince Cable, according to reports.

Staff have been quitting the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) at nearly twice the rate seen prior to the move to split the regulator into two bodies, according to reports.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

Advisers' contributions to the Financial Services Compensation Scheme (FCSC) may rise if a Financial Conduct Authority (FCA) proposal to widen the number of eligible claimants in the event of an investment failure is approved.

The average length of time taken by the Financial Conduct Authority (FCA) to authorise financial services start-ups is now back up to its highest levels, according to data obtained by City law firm RPC.

Schroders has appointed Prudential Regulatory Authority (PRA) risk analyst Craig Botham to its global economics team.

COMPLIANCE

The Bank of England (BoE) has told building society Nationwide that it is not allowed to hold back lending to small and medium-sized businesses (SME) as it tries to meet the regulator's new capital rules.