The regulators continue to focus on the management of emerging risks, with several notable speeches, including from Bank of England Governor Andrew Bailey on trends in financial market activity and the approaches the Bank may consider to address resulting vulnerabilities.
Meanwhile authorities in the UK and EU continue to progress T+1 settlement reform. The UK Accelerated Settlement Taskforce Technical Group published its final report and recommendations, while the European Commission published a legislative proposal.
Elsewhere, the FCA published its latest Portfolio letter for asset managers and alternatives, which details a number of specific supervisory priorities, which firms and Boards must engage with.
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 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.
The November 2024 edition of PwC’s Being better informed publication, summarising financial services regulatory updates from the past month, including the FCA’s survey findings on non-financial misconduct, HM Treasury’s consultation on the regulation of Buy-Now-Pay-Later lending, and the FCA’s market study into premium finance.
