FCA publishes findings of survey on banking services for defence SMEs
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On October 26, 2026, the UK Financial Conduct Authority (FCA) published the findings of a survey on banking services for SMEs in the defence sector. The FCA noted that the problems these businesses encounter are mainly concentrated in cumbersome account-opening and access processes, repeated requests for information from banks, and delayed decisions, rather than widespread exclusion by financial institutions. In response, the FCA stressed that financial institutions should make proportionate decisions based on each business’s specific activities and risks, and improve their data management. The FCA said this work would not introduce any new rules or requirements.
AI-written from reports · updated 2 hours ago
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- FCA (UK)FCA: Defence-sector SMEs need smooth, usable banking services
FCA said that the banking service issues faced by defence-sector SMEs are mainly cumbersome account-opening access processes, repeated requests for information and delays in decision-making, rather than widespread exclusion. FCA stressed that financial institutions should make proportionate decisions based on each individual firm's specific activities and risks, and improve data management; this work does not introduce new rules or requirements.
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