Central Bank targets 2027over consumer protection

The Central Bank is targeting 2027 for public consultation on proposed consumer financial protection measures, part of a multi-year programme. It will also issue its final agency banking framework within two to three weeks and soon release an updated account-opening study.

Why it matters:Banks face a coming consumer protection framework that may lead to new legislation, plus clearer rules for third-party agent arrangements that could widen access to services in the Family Islands. (Neutral development)