The regulators continued to develop their approaches to drive forward a greater focus on economic growth and competitiveness this month with a variety of updates and publications. In particular, the publication of the FCA’s new growth-focused 2025-30 Strategy highlights the regulator’s intention to move towards a more flexible, technology-friendly and outcomes-based regulatory environment.
Meanwhile the PRA also made a number of policy announcements, including proposals to raise the leverage ratio threshold from £50bn to £70bn of retail deposits, with a view to ensuring the regime remains proportionate and competitive.
Additionally, the FCA initiated a market study into pure protection insurance products to evaluate fairness, innovation barriers, and protection gaps, with initial findings expected later this year. The FCA also updated on the findings of a number of multi-firm reviews, including a review of liquidity risk management practices at wholesale brokers and other trading firms.
Download this edition of Being better informed to read more about these developments, and for a comprehensive summary of all regulatory updates from the past month.
The March 2025 edition of PwC’s Being better informed publication, summarising financial services regulatory updates from the past month, including the FCA’s portfolio letter to asset managers, and developments to progress T+1 settlement reform in the UK and EU.
The February 2025 edition of PwC’s Being better informed publication, summarising financial services regulatory updates from the past month, including PRA Dear CEO letters setting out supervisory priorities for banks and insurers.
The January 2025 edition of PwC’s Being better informed publication, summarising financial services regulatory updates from the past month, including PRA policy on solvent exit planning for insurers; operational incident, outsourcing and third-party reporting rules; and FCA proposals for targeted support in the pensions market.
The December 2024 edition of PwC’s Being better informed publication, summarising financial services regulatory updates from the past month, including the Chancellor’s Mansion House announcements, final rules for the Critical Third Parties regime, and proposed changes to remuneration requirements applicable to banks and building societies in the UK.
