Financial Crime Financial Crime

UK banks face stricter 'debanking' rules and tougher regulatory enforcement

By Martin Coyle and Phoebe Seers
  • 02 Oct 2023 17:19
  • 02 Oct 2023 17:24
UK banks face stricter rules designed to prevent them from "debanking" customers on the basis of their political views, with new powers set to be handed to regulators, finance minister Jeremy Hunt said today.
UK regulators would be given the "green light" to take action against banks that undermine or

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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