Author: admin

Why we’re consulting

We’ve collected R2B2 data from firms on an ad hoc basis 4 times. Collecting this data infrequently leads to challenges for us in maintaining an up-to-date understanding of the retail banking market. Ad hoc requests are also burdensome for firms, making it difficult to plan, allocate resources, and automate reporting processes. 

By moving to an annual return, the data will be readily available so we can make effective and timely decisions and reduce operational disruption to firms.

We are seeking feedback on the:

• proposed approach
• thresholds
• implementation timeline