Recent developments in the banking sector have suggested that even stricter rules than the Basel 3 Framework may need to be applied – dubbed Basel 4. Martin North, principal of Digital Finance Analytics, explains the implications it will have on banks and brokers.
A major bank that announced an overhaul to its commission structure has said it did so to reward broker loyalty
An industry leader has praised the recent move by banks to increase broker commissions, but says that banks need to stop branch managers from taking business away from brokers if they really want to support the third party channel
Lenders choose to pass more of their “tailwind” savings onto brokers rather than to consumers with rate cuts