We consulted on transforming a previously ad hoc series of Retail Banking Business Models (R2B2) data collections into an annual regulatory return.
We’ve collected R2B2 data from firms on an ad hoc basis 4 times.
Collecting this data infrequently makes it challenging for us to keep our understanding of the retail banking market up to date.
Ad hoc requests are also burdensome for firms, making it difficult to plan, allocate resources and automate reporting processes.
By moving to an annual return, the data will be readily available so we can make effective and timely decisions and reduce operational disruption to firms.
This Policy Statement will be of interest to:
The new rules come into force on 1 June 2026.
Firms can access the annual return via RegData[3], our data collection platform.
If you have any questions about the return, email [email protected].
R2B2 data is financial and volume-based data spanning banks’ and building societies’ business models. It also includes a request for off-the-shelf information.
The data is important for us to understand how business models evolve, analyse how each product segment contributes to the business, and monitor competitive dynamics in the industry.
These changes are one element of broader regulatory efforts to streamline data collection and reduce unnecessary burden. We’ve improved the data request after extensive engagement with industry, reducing the number of datapoints and fixing technological issues.
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