On 30 January 2025, the Financial Conduct Authority (FCA) published a portfolio letter to mortgage intermediaries, setting out its strategy for supervising mortgage intermediaries, including current and future priority areas of supervisory focus for the next 2-year period.
The letter explains that over the next 2 years, the FCA’s key focus will
On 30 January 2025, the Financial Conduct Authority (FCA) published a portfolio letter to claims management companies (CMCs), setting out its strategy for supervising CMCs, its updated view of the harms and risks that CMCs pose, and its expectations for firms in the sector.
Background
The FCA explains that, since regulation
On 30 January 2025, the Prudential Regulation Authority (PRA) published its Climate Change Adaptation Report 2025.
Background
This is the PRA’s third climate change adaptation report, which has been produced in response to an invitation by the Department for Environment, Food & Rural Affairs (DEFRA) to participate under the fourth
On 30 January 2025, the Financial Conduct Authority (FCA) published Evaluation Paper 25/1 (EP25/1), in which it shares the results and lessons learned from its ban on contingent charging and other remedies in the defined benefit (DB) transfer advice market in 2020.
Background
Through its investigation in consultation paper
On 28 January 2025, the Silicon Valley Bank UK Limited Compensation Scheme Order 2025 (the Order) came into force and was published on legislation.gov.uk, along with an explanatory memorandum.
The purpose of the Order is to confirm in statute that no compensation is due to the persons who held shares in Silicon Valley
The European Commission (Commission) has published its Competitiveness Compass (Compass). The Compass is a policy document that describes the overall Commission policy on increasing the EU’s competitiveness over the coming five-year term. The Compass comes as a response to the reports published by Enrico Letta and Mario Draghi, which both warned
On 28 January 2025, the House of Commons Treasury Committee published a letter from the Chief Executive of the Financial Conduct Authority (FCA), Nikhil Rathi, responding to questions from the Treasury Committee on topics including risk, the FCA’s proposed enforcement reforms, and mortgage coercion.
Risk
In response to a question regarding the FCA
On 28 January 2025, the Prudential Regulation Authority (PRA) published a speech on prime brokerage, which was delivered by its Executive Director for Authorisations, Regulatory Technology and International Supervision, Rebecca Jackson.
The speech discusses the growth of prime brokers and the PRA’s expectations of them, emphasising the importance of liquidity risk, operational
On 28 January 2025, the European Securities and Markets Authority (ESMA) issued a Final Report which presents draft amendments to the regulatory technical standards (RTS) incorporated in Commission Delegated Regulation (EU) No 876/2013 on colleges for central counterparties.
The draft amendments concern only Member State competent authorities and do not impose