Overview

• The Treasury will revise post-2008 ring-fencing rules and adjust capital regimes under MREL to free banks for informed risk-taking and boost lending
• Senior bankers will face a streamlined managers regime as the Financial Ombudsman Service’s independence is reduced to speed up complaint resolutions
• First-time buyer mortgage caps rise to six times income and a permanent Freedom to Buy guarantee will back loans with deposits as low as 5 percent
• Nationwide Building Society will lower its Helping Hand salary thresholds to £30,000 for individuals and £50,000 for joint applicants from Wednesday
• Banks must alert savers to low-yield investments and an FCA review will explore using rent payment records to prove mortgage affordability