Welcome to our weekly round up of the latest regulatory news from the financial services sector. Among the stories this week are:
- ‘Non-cash’ payments overtake cash payments in 2014;
- Biggest monthly rise in UK mortgage approvals since 2009;
- Treasury plans to sell its stake in Lloyds in one year;
- Thinktank believes UK financial system needs urgent overhaul; and
- HSBC expected to announce thousands of redundancies.