The UK government on Thursday published draft legislation for a bank levy that will traverse national borders and raise £2.5 billion ($3.9 billion) a year, a day after announcing spending cuts of £81 billion over the next four years.
The levy, which will be permanent, will hit banks with more than £20 billion in liabilities, in a bid to penalise risky funding profiles. "The levy has been designed to encourage less risky funding and complements the wider agenda to improve regulatory standards and
- Banknote and currency manager of the year: Norges Bank
- Lifetime achievement award: Perng Fai-nan
- Initiative of the year: Bank of England’s FinTech Accelerator
- Consultancy and advisory provider of the year (data and regulatory management): BearingPoint
- Banknote and currency services provider of the year: Landqart