5/28/2025 12:24:24 PM The PRA’s updated supervisory expectations for managing climate-related risks: what this means for banks and insurers By Michael Raffan Elisabeth Overland Emily Smith Christopher Bernard Michael Byarugaba +2 more... Show less For a long time, both the PRA and FCA have recognised that climate change is a potential material financial risk to regulated firms. On...
5/28/2025 9:51:05 AM New UK bank levy for resolution becomes law By Michael Raffan Christopher Bernard Daniel Tichbi After almost a year working its way through Parliament, the Bank Resolution (Recapitalisation) Act 2025 received Royal Assent on 15 May...
5/27/2025 12:22:38 PM Investment research payment optionality: New joint payment option increases flexibility in how fund managers pay for research By James Smethurst Elisabeth Overland Borja Ruiz De Gopegui Aleena Mann +1 more... Show less The FCA has introduced a “joint payment” option for research and execution services for UK fund managers. This is intended to address...
5/27/2025 10:40:17 AM Taming the “Wild West”: UK Government leads BNPL into the regulatory stable By Cyrus Pocha Craig Dewar Tricia Moffat The UK Government has saddled up to bring order to what it terms the “wild-west” of Buy Now Pay Later (BNPL). For years, BNPL has...
5/23/2025 10:16:26 AM UK Banking litigation in focus: Recent cases and emerging trends By Thomas Clark Benjamin Ng Julia Schulman Sunil Singh Sharon Tong Sharon Grennan +3 more... Show less In the last 6 months, we have seen a range of important cases and developments before the Courts in the UK affecting financial...
5/15/2025 10:26:45 AM FCA's new consultation on the definition of capital for FCA investment firms By James Smethurst Mac Mackenzie Craig Dewar On 24 April 2025, the FCA released a consultation paper CP 25/10 on the definition of capital for FCA investment firms. The FCA says it...
5/9/2025 10:16:12 AM FCA publishes discussion paper outlining its proposed approach to regulating certain cryptoasset activities By Cyrus Pocha Claire Harrop Noah Schmidt Aleena Mann +1 more... Show less On 29 April 2025, HM Treasury published a draft statutory instrument in near-final form which will introduce a regulatory regime for...
4/22/2025 12:54:30 PM Reforming fund regulation in the UK: HM Treasury and FCA proposals for regulating alternative investment fund managers By Emma Rachmaninov Christopher Chan Christopher Bernard Daniel Tichbi +1 more... Show less The future for alternative investment fund managers (AIFMs) in the UK became a little bit clearer on 7 April 2025 when HM Treasury...
3/31/2025 3:46:57 PM The FCA’s plans for the next 5 years: rebalancing risk, supporting growth By Michael Raffan Noah Schmidt Jessica Frampton Christopher Bernard +1 more... Show less On 25 March 2025, the FCA published its new strategy for the next five years, with the stated goals of “deepening trust, rebalancing...
3/28/2025 3:54:11 PM The future of open banking: UK, EU, and US perspectives By Claire Harrop David Sewell Daniel Klingenbrunn Christopher Bernard Katrina Paliukenas +2 more... Show less Open banking promises to unlock innovation and empower customers by enabling financial information to be shared between traditional banks...
3/28/2025 2:54:18 PM The FCA’s Consumer Duty rule review: a spring clean, but no overhaul By Michael Raffan Christopher Bernard Daniel Tichbi One oft-criticised feature of the UK financial services regime is the complexity and the volume of the FCA’s handbook of rules and...
3/21/2025 3:30:37 PM The High Court affirms the FCA’s wide discretion in exercising its powers of redress By Piers Reynolds Jack Helyar Sharon Tong At a Glance On 7 March 2025, the High Court dismissed an application for judicial review by the All-Party Parliamentary Group on Fair...