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On 20 May 2025, the Prudential Regulation Authority (PRA) published a Policy Statement (PS6/25) and updated Supervisory Statement...
Freshfields Risk & Compliance
For a long time, both the PRA and FCA have recognised that climate change is a potential material financial risk to regulated firms. On...
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After almost a year working its way through Parliament, the Bank Resolution (Recapitalisation) Act 2025 received Royal Assent on 15 May...
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On 17 March 2025, the UK Government published a policy paper and accompanying press release outlining a new approach to ensure regulators...
The chiefs of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have announced by letter that they are...
Late last month, the PRA published a Dear CRO letter which sets out the main findings of its thematic review into UK regulated banks’...
Around the world, regulators have become increasingly concerned about culture in financial services firms, as part of a wider focus on...
The PRA and the FCA have published a joint consultation paper on the prudential assessment of acquisitions and increases in control...
Following the failure of Silicon Valley Bank (SVB) and several other U.S. small and mid-sized banks in March 2023, U.S. regulators have...
PRA and FCA proposals on diversity & inclusion and non-financial misconduct seek to drive change in the UK financial sector On 25...
On 7 July 2021, the Bank of England, Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”) published “DP 21/2...