On 31 March 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP4/25, setting out proposed changes in relation to the deposit protection available from the Financial Services Compensation Scheme (FSCS). The PRA is responsible (under the Financial Services and Markets Act 2000) for making rules in relation to
On 31 March 2025, the European Commission (Commission) issued a proposed Regulation amending the Capital Requirements Regulation (CRR) on prudential requirements for credit institutions and investment firms. The amendment, if adopted, will render permanent the current transitional approach to the Net Stable Funding Ratio (NSFR) requirement.
Background
Under the
On 28 March 2025, the International Capital Market Association published an updated version of its Recommendations for Reporting under the Securities Financing Transaction Regulation. A blackline version has been published alongside the updated version, highlighting the changes.
On 27 March 2025, HM Treasury issued an updated Money Laundering Advisory Notice.
The update reflects changes to the countries in scope of High Risk Third Countries, as defined in the Money Laundering Regulations 2017, following updates to the lists of the Financial Action Task Force at its plenary meeting in February 2025.
On 28 March 2025, the EU Platform on Sustainable Finance (Platform) published an updated version of its handbook on Climate Transition Benchmarks and Paris Aligned Benchmarks.
The first version of the Handbook was published in 2019 and was in response to frequently asked questions (FAQs), which the TEG benchmarks subgroup members
On 27 March 2025, the European Commission issued a press release stating that it was taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws.
Among other things the press release notes that the Commission has decided to
On 28 March 2025, the Prudential Regulation Authority issued Policy Statement 4/25: Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26 (PS4/25). In PS4/25 the PRA sets out, in Appendix 2, its final rules for the FSCS MELL for 2025/26. The MELL will apply from 1
On 28 March 2025, the Financial Policy Committee (FPC) issued a consultation paper setting out proposals intended to ensure that the other systemically important institutions (O-SII) buffer continues to address financial stability risks in line with the FPC’s risk appetite, as set out in its framework, while also avoiding any undue