Chancellor sets out ambitious FS reforms package
The Government announced a wide-ranging suite of financial services reforms in its ‘Leeds Reforms’ package on 15 July 2025, and Mansion House speech by the Chancellor.
Financial services firms are working under more complex regulation and facing greater external threats that are ever more difficult to adapt to. It’s easy to be afraid of putting a foot wrong. But let’s not forget that without risk, there would be no financial services sector.
Our dedicated team of experts scan the risk and regulatory horizon across the asset management, banking and insurance sectors, with a focus on key issues and initiatives such as prudential reform, technological innovation including AI and digital assets, ESG, financial crime, wholesale market reform and consumer outcomes. We actively engage in dialogue with clients, regulators and industry bodies to bring you insights about the changing regulatory landscape and its impact on your business.
The UK is undergoing a significant overhaul of its regulatory framework, delivered primarily through the Financial Services & Markets Act 2023 and Edinburgh Reforms package. As UK authorities continue to progress these reform initiatives, staying on top of the agenda is more important than ever as we enter this new phase of regulation.
The Government announced a wide-ranging suite of financial services reforms in its ‘Leeds Reforms’ package on 15 July 2025, and Mansion House speech by the Chancellor.
PwC's financial services risk and regulation podcast, Risk & Regulation Rundown. We discuss the latest developments affecting the industry, insights from our work with clients, and our perspective on industry talking points.
The FCA has confirmed final rules to embed non-financial misconduct (NFM) in its Code of Conduct (COCON).
The FCA sets out proposals for targeted support to help consumers make informed pensions and investment decisions.
With the rise in companies disclosing against sustainability reporting regulations, we distill the critical lessons from the frontline including what’s working, what’s holding organisations back, and how leadership can steer the path forward.
PwC's analysis of the EU Industry Committee’s T+1 settlement transition recommendations and roadmap.
The UK Government is consulting on implementation options for UK transition plan requirements, emphasising a phased, flexible approach aligned with climate goals and minimising regulatory burden.
The UK Government launched consultations on adopting the ISSB standards and setting up rules to oversee assurance of sustainability-related financial disclosures. This is the first step in its broader plan to create a modern, streamlined framework for sustainability reporting and assurance.
The discussion paper opens a debate on potential changes to the FCA’s mortgage rules, which aim to respond to evolving consumer needs, and better balance consumer protection with the Government’s drive to support innovation and economic growth.
As the FCA pivots from a technology-agnostic stance to a more ‘tech-positive’ approach, we explore what this strategic shift means for financial services firms deploying artificial intelligence.
The Financial Reporting Council (FRC) published the reformed UK Stewardship Code 2026 on 3 June 2025, introducing a tiered approach, a revised definition, fewer principles, shorter reporting prompts, and a shift in focus from process to outcomes.
PwC's summary of the FCA's finalised rules establishing its Private Intermittent Securities and Capital Exchange System (PISCES).